Who's Been Buying, Selling.
Who's Been Buying, Selling
The 25 largest real estate acquisitions
in Los Angeles County during the past 12
months involved properties of virtually
every description and in almost every
area of town.
Sales Price Close
Property (in millions) Date
MGM Plaza $360 4/00
2401-2525 Colorado Ave., Santa Monica
Pacific Design Center 165 10/19/99
8687 Melrose Ave, W. Hollywood
Santa Monica Place 130 11/1/99
220 Broadway, Santa Monica
1888 Century Park East 111 8/25/99
Century City
5350-5580 Bandini Blvd. 98.6 10/18/99
Bell
Fairmont Miramar Hotel 90.6 9/8/99
101 Wilshire Blvd., Santa Monica
CaliforniaMart 90 5/00
110 E. Ninth St., Downtown L.A.
Le Meridian (formerly the Hotel Nikko) 82.3 7/22/99
435-465 S. La Cienega Blvd., Beverly
Hills
1801 Century Park East 81 8/25/99
Century City
The Alhambra 72.5 11/15/99
1000, 1101 S. Fremont Ave., Alhambra
Central Plaza 70 7/1/99
3440-3470 Wilshire Blvd., Los Angeles
Metroplex 70 7/1/99
3530 Wilshire Blvd., Los Angeles
5813 Drexel Ave. and 6220 W. Third St. 63.8 8/19/99
Miracle Mile District, Los Angeles
2750-2909 Oregon Court 63.8 9/2/99
Torrance
611 W. 6th St. (formerly AT&T Tower) 60 11/29/99
Downtown L.A.
Studio City Apartments 58.5 3/7/00
10975 Bluffside Dr., North Hollywood
Wilshire Bundy Plaza 54 10/26/99
12121 Wilshire Blvd., Los Angeles
Gateway Towers 53.5 6/29/99
970-990 W. 190th St., Torrance
West Wilshire Center 45 5/00
11620 Wilshire Blvd., West L.A.
Tennis Club Apartments 41 9/8/99
22100 Erwin St., Woodland Hills
Wilshire Crescent Building 37 4/00
9333 Wilshire Blvd., Beverly Hills
Woodland Hills West 35 9/30/99
22222 Victory Blvd., Woodland Hills
Comerstone Plaza 32.5 8/5/99
1990 S. Bundy Dr., Los Angeles
Torrance Civic Plaza/Torrance Financial 32 8/11/99
Plaza
3828-3878 W. Carson St., Torrance
20770 Madrona Ave. 31 12/17/99
Torrance
Property
Property Type
MGM Plaza Mid-Rise [2]
2401-2525 Colorado Ave., Santa Monica
Pacific Design Center High-Rise [1]
8687 Melrose Ave, W. Hollywood
Santa Monica Place Regional Center
220 Broadway, Santa Monica
1888 Century Park East High-Rise [1]
Century City
5350-5580 Bandini Blvd. Industrial Park
Bell
Fairmont Miramar Hotel Hotel
101 Wilshire Blvd., Santa Monica
CaliforniaMart Wholesale Apparel Mart
110 E. Ninth St., Downtown L.A.
Le Meridian (formerly the Hotel Nikko) Hotel
435-465 S. La Cienega Blvd., Beverly
Hills
1801 Century Park East High-Rise [1]
Century City
The Alhambra Office Park
1000, 1101 S. Fremont Ave., Alhambra
Central Plaza Office Park
3440-3470 Wilshire Blvd., Los Angeles
Metroplex High-Rise [1]
3530 Wilshire Blvd., Los Angeles
5813 Drexel Ave. and 6220 W. Third St. Multi-Family (1,130 Units)
Miracle Mile District, Los Angeles
2750-2909 Oregon Court Industrial Park
Torrance
611 W. 6th St. (formerly AT&T Tower) High-Rise [1]
Downtown L.A.
Studio City Apartments Multi-Family (450 Units)
10975 Bluffside Dr., North Hollywood
Wilshire Bundy Plaza High-Rise [1]
12121 Wilshire Blvd., Los Angeles
Gateway Towers 2 High-Rises+Land
970-990 W. 190th St., Torrance
West Wilshire Center Office Complex
11620 Wilshire Blvd., West L.A.
Tennis Club Apartments Multi-Family (474 Units)
22100 Erwin St., Woodland Hills
Wilshire Crescent Building Office Building
9333 Wilshire Blvd., Beverly Hills
Woodland Hills West Multi-Family (446 Units)
22222 Victory Blvd., Woodland Hills
Comerstone Plaza Mid-Rise [2]
1990 S. Bundy Dr., Los Angeles
Torrance Civic Plaza/Torrance Financial Office Park
Plaza
3828-3878 W. Carson St., Torrance
20770 Madrona Ave. Multi-Tenant Low-Rise [3]
Torrance
Property Buyer
MGM Plaza Tishman Speyer Properties
2401-2525 Colorado Ave., Santa Monica
Pacific Design Center Cohen Bros. Realty/Cheslock Bakker
8687 Melrose Ave, W. Hollywood Opportunity Fund
Santa Monica Place Macerich Co.
220 Broadway, Santa Monica
1888 Century Park East Bentall US LLC
Century City
5350-5580 Bandini Blvd. Clarion Partners
Bell
Fairmont Miramar Hotel Maritz, Wolff & Co.
101 Wilshire Blvd., Santa Monica
CaliforniaMart Hertz Investment Group
110 E. Ninth St., Downtown L.A.
Le Meridian (formerly the Hotel Nikko) Le Meridien
435-465 S. La Cienega Blvd., Beverly
Hills
1801 Century Park East Douglas Emmett & Co.
Century City
The Alhambra Ratkovich Co. and investors
1000, 1101 S. Fremont Ave., Alhambra
Central Plaza Dr. David Y. Lee
3440-3470 Wilshire Blvd., Los Angeles
Metroplex Dr. David Y. Lee
3530 Wilshire Blvd., Los Angeles
5813 Drexel Ave. and 6220 W. Third St. Casden Properties
Miracle Mile District, Los Angeles
2750-2909 Oregon Court First Industrial Realty Trust/
Torrance Carlyle Group
611 W. 6th St. (formerly AT&T Tower) Jacob Chetrit
Downtown L.A.
Studio City Apartments Archstone Communities Trust
10975 Bluffside Dr., North Hollywood
Wilshire Bundy Plaza Lowe Enterprises
12121 Wilshire Blvd., Los Angeles
Gateway Towers Carlyle Realty
970-990 W. 190th St., Torrance
West Wilshire Center Lowe Enterprises Investment
11620 Wilshire Blvd., West L.A. Management
Tennis Club Apartments The Bascom Group
22100 Erwin St., Woodland Hills
Wilshire Crescent Building Clarity Realty partners
9333 Wilshire Blvd., Beverly Hills
Woodland Hills West Essex Property Trust
22222 Victory Blvd., Woodland Hills
Comerstone Plaza Granite Advisory LLC
1990 S. Bundy Dr., Los Angeles
Torrance Civic Plaza/Torrance Financial Muller Co.
Plaza
3828-3878 W. Carson St., Torrance
20770 Madrona Ave. Southwest Value Partners
Torrance
Property Seller
MGM Plaza Maguire Partners
2401-2525 Colorado Ave., Santa Monica
Pacific Design Center Techers Insurance & Annuity Assoc.
8687 Melrose Ave, W. Hollywood
Santa Monica Place The Rouse Co.
220 Broadway, Santa Monica
1888 Century Park East Walton Street Capital
Century City
5350-5580 Bandini Blvd. NewCrow III
Bell
Fairmont Miramar Hotel Fujita Corp. USA
101 Wilshire Blvd., Santa Monica
CaliforniaMart Equitable Life Assurance Society of
110 E. Ninth St., Downtown L.A. the U.S.
Le Meridian (formerly the Hotel Nikko) Beverly Park Associates
435-465 S. La Cienega Blvd., Beverly
Hills
1801 Century Park East JMB Group Trust III
Century City
The Alhambra Santa Fe (U.S. Holdings) Inc.
1000, 1101 S. Fremont Ave., Alhambra
Central Plaza
3440-3470 Wilshire Blvd., Los Angles Teachers Insurance & Annuity Assoc.
Metroplex Teachers Insurance & Annuity Assoc.
3530 Wilshire Blvd., Los Angeles
5813 Drexel Ave. and 6220 W. Third St. Prime Property Capital
Miracle Mile District, Los Angeles
2750-2909 Oregon Court Pacifica Capital Group VI LC
Torrance
611 W. 6th St. (formerly AT&T Tower) Mitsui Fudosan (USA) Inc.
Downtown L.A.
Studio City Apartments Forest City Development
10975 Bluffside Dr., North Hollywood
Wilshire Bundy Plaza TIAA Realty Inc.
12121 Wilshire Blvd., Los Angeles
Gateway Towers Nissan-Real Estate Corp. USA
970-990 W. 190th St., Torrance
West Wilshire Center A Wilson Comerstone subsidiary
11620 Wilshire Blvd., West L.A.
Tennis Club Apartments Warner Center Group LC
22100 Erwin St., Woodland Hills
Wilshire Crescent Building J.P. Morgan & Co.
9333 Wilshire Blvd., Beverly Hills
Woodland Hills West Oakwood Corporate Housing
22222 Victory Blvd., Woodland Hills
Comerstone Plaza RREEF Funds
1990 S. Bundy Dr., Los Angeles
Torrance Civic Plaza/Torrance Financial John Hancock Mutual Life Insurance
Plaza
3828-3878 W. Carson St., Torrance
20770 Madrona Ave. Epson Madrona Headquarters
Torrance Partnership
Notes
(1.)Nine stories or higher
(2.)Four-eight stories
(3.)One-three stories
Sources: Grubb & Ellis Co., Business Journal Research
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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