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L.A. archdiocese HQ sold for $31 million

January 23, 2008 12:00:00 AM PST
The Roman Catholic Archdiocese of Los Angeles has sold its 12 story administrative headquarters building to help pay its $660 million sex abuse settlement.Officials say they sold the Archdiocesan Catholic Center for $31 million. It is the first major sale of Catholic property sold specifically to help pay for the settlement.

Church officials say they have chosen about 50 other non-essential properties that could be sold to help pay the settlement.