Monaco billionaire developer says he's bailing on Carmel-by-the-Sea, a 'strange community'

  • Posted on August 16, 2025
  • By Los Angeles Times
  • 1 Views
Monaco billionaire developer says he's bailing on Carmel-by-the-Sea, a 'strange community'

Patrice Pastor, a Monaco billionaire who has bought more than $100 million in property in and around Carmel-by-the-Sea, says he's fed up with the city's nitpicky delays.
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Los Angeles Times

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