Posted Mar 24, 2015, 10:17 PM
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Registered User
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Join Date: Jun 2004
Posts: 1,791
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Looks like another megaproject for downtown.
http://www.bloomberg.com/news/articles/2...ses-l-a-development-site-for-130-million
Quote:
 SunCal, a developer of master-planned communities, bought a downtown Los Angeles site the size of 11 football fields for $130 million as the aging industrial area transforms into an artsy neighborhood.
“This is the largest L.A. development opportunity around,” said Bradford McCarthy, a CBRE Group Inc. senior vice president who represented the seller of the 14.6-acre (5.9-hectare) property in a transaction that closed Tuesday. “For just land, $130 million is a lot to pay. And it’s a lot of acreage.”
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