Selling Your Luxury Condo to Corporate America

By Coco Clayman-Cook

Recently I represented a client who was selling their luxury condo.  Ultimately, the condo sold very quickly to a large corporation based in downtown Los Angeles.  More and more companies are charging their HR departments with the authority to look for and acquire luxury condo properties for company assets.

When you stop to consider how much it costs to house visiting executives in luxury hotels it's easy to see why corporations are now buying luxury condominiums. Real Estate is a strong investment.  If you have the opportunity to build equity instead of throwing money away, it is always better whether you are an individual, a family or a corporation.