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In 2010, while in town for the Los Angeles premiere of his documentary “Exit Through the Gift Shop,” the British street artist Banksy left a gift for fans: a mural of a girl on a swing, dangling beneath the five-foot red “A” of the word “PARKING” on a gritty downtown lot.
Now that girl — as well as the historic building in the downtown fashion district that serves as her canvas — is for sale to the highest bidder.
— The New York Times
The historic 26,000-square-foot Downtown Los Angeles building was purchased for $4 million three years prior to the popular documentary's premiere and underwent a $1.8 million renovation before its then-owners filed for Chapter 11 bankruptcy in April this year. Related on Archinect: Recent Banksy... View full entry
The real value of one of the world’s most well-recognized historic sites is now officially set after the global financial consultancy Deloitte published their assessment of Rome’s ancient Colosseum on Monday. According to Deloitte, the nearly 2,000-year-old Flavian amphitheater is worth... View full entry
A homeowner in a housing complex in London with Grenfell-type cladding has been told the value of her £475,000 home has collapsed and is now just £50,000.
Galliard Homes, the developer of the 11-block complex in New Capital Quay in south-east London, is facing a £30m-£40m bill to replace the cladding and is locked in a legal dispute over who should pay.
— The Guardian
The New Capital Quay development—home to about 2,000 residents—is believed to be the largest private development to have flammable cladding after the 2017 Grenfell fire tragedy that killed 71 people, The Guardian reports. The apartments are now considered unsellable. View full entry
