The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 16, 2018
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





LOS ANGELES COUNTY NEWS
Printer-friendly Version   Email an Associate
Property in LA’s City West/Westlake Area Bought for Creative Office/Production Use

12/18/17

Rideback Ranch LLC paid $4.6 mil for a two-building office/flex property totaling 13.9k sf ($331/sf) in the heart of LA’s City West/Westlake submarket. The new owners have already begun a major renovation at the property to better meet market demand for creative entertainment and production campus properties.

Built in 1954 and located at 1670-1680 Beverly Blvd, the buildings are one and two stories respectively. The property is adjacent to a 21k sf building and 40k sf parking lot at 1660 Beverly Blvd that this owner acquired in December, 2016.

John Anthony, Chris Steck and Chris Giordano of Charles Dunn Company represented the seller, Roscoe Associates LLC. The buyer was repped by LS Capital.

“The City West/Westlake submarket is becoming a more economical alternative to the pricey and adjacent Hollywood and Downtown markets for entertainment and production companies,” said Anthony, a senior managing director out of Charles Dunn’s Downtown Los Angeles office. “As this market emerges, we are seeing an increased amount of investor interest for redevelopment opportunities and expect property values and rents to rise over the next 12 to 24 months.”





Return to the Archive page


 


 


 
The Foto Finisher

 
 





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 © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media