collectively valued at $100 million, Business Insider previously reported.
"Musk has signed a letter of intent to sell several properties in Los Angeles to Arya Chalon, LLC, a new entity led by developer/designer Ardie Tavangarian for an undisclosed amount," a statement shared by the developer read. "Arya Chalon, LLC will combine the multi-property portfolio into a new single development project to make it truly one-of-a kind."
The statement also notes that the LLC is set to provide all services for project development, from design to architecture, construction, property management, and interior design. that have fetched $75 million sale prices and $350,000 a month rentals, the Wall Street Journal reports.
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