recent transactions

Property: 734-750 South Spring Street (8th & Spring Sts.)

Description: Sale of corner 38,000 square foot parking lot in Ace Hotel market area

- Sale of high rise residential tower site with Buyer’s substitution into pre-existing easements and adjacent site specific requirements

- Three separate ownerships involve in transaction for construction of basement parking for adjacent historic property

 

 

 

 

 

 

Property: Eastern Columbia Assemblage – 850 South Hill Street (9th & Hill Sts.)

Description: Ground lease of 32,000 square foot parking lot in Ace Hotel market area

- Last stage in development process of the historic site

- Stage one: Sale from Denley Investments to KOR for path breaking redevelopment
- Stage two: Sale of 32,000 square foot lot, retail and parking structure from KOR/Lubert Adler to Met Cal Funding

- Stage three: Ground lease by Coast Meridian to Trammell Crow Residential for 32 story residential tower