2008-05-03 22:36:44 - New Source- "The 138-acre parcel was bought by investors in 2002 for only $1.7 million but today they are selling it for $22 million." Spiro Vrouhas recently purchased a similar zoned piece of land for 'real estate advancement' for an unconfirmed $11.6 Million as reported by local news agencies.

Massachusetts real estate developer Spiro Vrouhas of Vrouhas Incorporated, reportedly interested in purchasing 138-acre parcel of land below the infamous "Hollywood" sign for $22 Million.



[Los Angeles California/ Boston Massachusetts-United States of America] Massachusetts real estate developer Spiro Vrouhas of Vrouhas Incorporated is reportedly interested in purchasing 138-acre parcel of land below the infamous "Hollywood" sign. According to printed news

sources "the 138-acre parcel was bought by the investors for only $1.7 million in 2002 but, today they are selling it for $22 million." The article goes on to describe "promotional material for the real estate development states that the land is the perfect - for multi-million dollar houses and mansions " .Vrouhas Family spokesperson Maryann Squegia would not deny or confirm story. "[Spiro Vrouhas] is always looking to engage in projects that would encourage advancement and growth in communities." Spiro Vrouhas was unable to be directly reached for comment by press time.