Word: cinematograph
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Dates: during 1970-1979
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...influx of well-to-do foreigners to California in the past two years or so has resulted in the biggest real estate boom in Los Angeles since the invention of the cinematograph. An estimated 20% of all property in the chic Beverly Hills-Brentwood-Bel Air area is now foreign owned. Iranians have nicknamed Loma Vista Drive "Aga Sheik Hadi Avenue," after the street where many lived in Tehran. Says Elaine Young, a Beverly Hills real estate broker who has sold palatial properties to foreigners from many countries: "Southern California has become the world's rich melting...