Madison will not expand out the building, which has been renamed Sentral, but saw a way to rearrange the floor plans to add more apartments, according to a source familiar with the projects.
Hankey Capital, which also took over some of Shekhter's properties through deeds-in-lieu, has helped refinance the Wilshire site, plus seven other developments, through a $250 million loan, according to documents filed with Los Angeles County.
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