The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
July 5, 2020
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Burbank Development Site Trades in $40 Mil Deal


An eight-acre development parcel in the city of Burbank traded hands in a $40 mil transaction. The site is located at 777 Front St, on the south side of Burbank Blvd in the city’s downtown, and offers over 1,100 feet of frontage along the I-5 Fwy.

The property had undergone a four-year process to lock up entitlement rights since first being placed in escrow. The planned development, known as “The La Terra Project,” is slated to include a 550-unit housing project, a 300-room hotel and about 6k sf of additional retail space.

The project’s design connects it to downtown Burbank by virtue of the Magnolia and Burbank Blvd overpasses. This design will enable easy access to downtown shopping, restaurants and services, as well as to the Metro rail, located on Front St just 500 feet from the planned development.

Brett Warner, Hunter Warner with Lee & Associates, along with former Lee Principals Jim Fisher and Mike Smith, represented both the buyer, SJ4 Burbank LLC, and the seller, Northridge Properties LLC, in the transaction.

Return to the previous page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media