Weekly Real Estate News
Source: Los Angeles Times —
Welcome back to the Real Estate newsletter, which this week delivers more drama than the usual celebrity-fueled luxury deals.
The juicy details come by way of Pasadena, where a company called Innova Medical Group made billions during the pandemic by selling questionable coronavirus tests to governments around the world. According to a Times investigation, executives then used the money on a real estate shopping spree, leasing a pristine office in Pasadena and buying luxury homes around the area for the startup’s top brass in addition to a pair of private jets.
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