Rising prices lead owners to convert rentals to co-ops.

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Rising prices lead owners to convert rentals to co-ops.

Co-ops, long a popular but sometimes controversial form of for-sale housing in cities like New York and San Francisco, are starting to catch on in Southern California.

Last week alone, the Beverly Hills Planning Commission heard three applications from apartment building owners wanting to convert their properties into for-sale co-ops.

While the numbers remain small, conversio...

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