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Shuwa to Build Apartments: Shuwa Investments Corp.,...

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TIMES STAFF WRITER

Shuwa to Build Apartments: Shuwa Investments Corp., a Japanese concern that has invested heavily in “trophy” properties in the United States, said it plans to start developing apartments, beginning with a “high-quality” complex at an 81,000-square-foot property on Wilshire Boulevard in West Los Angeles. Shuwa, which owns the Arco Plaza in Los Angeles, said the move into apartments is a “logical expansion” for the company.

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