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Expensive Living

By Eric Richardson
Published: Friday, May 20, 2005, at 02:04PM

The LA Business Journal is running a story saying that the two penthouses at 1100 Wilshire are under contract for quite a nice chunk of change.

The two 3,200-square-foot two-bedroom condominiums are each under contract for $2.8 million, according to sources close to the transaction. Both penthouse units are on the 37th floor and have sweeping views of nearly the entire L.A. basin.

... At $900 a foot, the price would be nearly double the last high of $540 a foot set by developer Jeff Lee

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