Veronica Mainetti’s Sorgente Group sells historic Fine Arts Building in LA for $43M

From TRD Los Angeles: The intricately designed Fine Arts Building at 811 W. 7th Street in Downtown Los Angeles has found a buyer, in a deal that closed this week.

Seller Sorgente Group of America, headed by Veronica Mainetti, sold the building for about $43 million, or $370 a square foot, to Santa Barbara investment firm Manchester Capital Management on behalf of a wealthy family, according to a release from Newmark Grubb Knight Frank, which brokered the deal.