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Capitol Tower Sold For $50 Million
September 29, 2006 at 8:42 AM (PT)
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Capitol Tower
ARGENT VENTURES has bought the legendary CAPITOL RECORDS TOWER from parent EMI for $50 million in sale-and-leaseback deal.
That leaseback deal keeps CAPITOL RECORDS and CAPITOL STUDIOS -- where such greats as FRANK SINATRA, NAT KING COLE and the BEACH BOYS have recorded music -- in the landmark building for many years to come.
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