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Stock impact report

Hospitality at Work® to Manage Downtown LA Office Complex [Yahoo! Finance Canada]

CITY DEVELOPMENTS S/ADR (CDEVY) 
NASDAQ:AMEX Investor Relations: ir.cdl.com.sg
The properties include Biltmore Tower, a 25-story high-rise at 500 South Grand Avenue, and Biltmore Court, a contiguous 11-story structure at 520 South Grand Avenue. Both buildings feature abundant natural light and a mix of creative and traditional office configurations designed to meet the needs of a diverse tenant base. The complex reflects the Beaux Arts architectural style of the adjacent landmark 1923 Biltmore Hotel, designed by Schultze & Weaver—the team behind New York's Waldorf Astoria—while incorporating modern technology and conveniences. Tenants at the Biltmore complex enjoy exclusive perks, including discounts and preferred service at the hotel's restaurants, bars, meeting and conference rooms, fully equipped health club, concierge services, and 24-hour in-suite dining. The office buildings were developed in the mid-1980s as part of a major redevelopment initiative associated with the landmark hotel. The guest rooms at the rear of the property, overlooking Grand Aven Show less Read more
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