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The former Lakers great and his joint-venture partner, Canyon -Johnson Urban Fund, are providing $12.4 million of financing to help build a 130-unit condo project in the growing Greenpoint section of Brooklyn. It's Johnson's fifth project in NY, and while it's not much money, the Magic Johnson name still draws attention. Other Magic developments include a 17-story condo in Manhattan, and a bookstore, medical office and condo project in the landmark Williamsburg Savings Bank in downtown Brooklyn. Crain's NY Business
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.