VITAL STATISTICS
3907-3943 Flower Dr. (Five Properties)
1724 E. Century Blvd., Los Angeles
Deal Value: Confidential
Newmark’s Ryan Lang, Jack Brett, Kevin Shannon, Ken White, Greg Galusha, Chris Benton and Anthony Muhlstein represented the seller, Ventus Group, in the sale of 3907-3943 Flower Drive. The buyer was Landmark Properties. Landmark Properties purchased this site to develop its second student housing project in Los Angeles‚ adjacent to The University of Southern California. Located at 3900 S. Figueroa, the community will be less than half a mile from USC, BMO Stadium, LA Memorial Coliseum and Exposition Park. The project will also provide additional student housing.
VITAL STATISTICS
1844 Plaza Del Amo, Torrance
Deal Value: Confidential
Newmark faciliated the $18.3 million sale of Del Amo Village, A multifamily development site located in Torrance. Situated on 2.8 acres, Del Amo Village’s development plan includes entitlements for 200 market-rate units. Newmark’s Kevin Shannon, Ken White, Chris Benton and Michael Moore and Anthony Muhlstein represent- ed the sellers. The buyer was Legacy Partners.
Located at 1844 Plaza del Amo, Del Amo Village is directly adjacent to numerous restaurants, banks and retail amenities, including the newly renovated Del Amo Fashion Center which attracts 20 million people per year. Upon completion, the project will be a part of South Bay’s premier live-work-play destination.
VITAL STATISTICS
21300 W. Oxnard St., Woodland Hills
Deal Value: Confidential
One of the few remaining significant developments parcels in Warner Center, located at 21300 Oxnard Street in Woodland Hills, was brokered for sale to provide 301 affordable housing units while replacing a blighted office building. Brandon Michaels and Lonnie McDermott of Marcus & Millichap brokered the sale while representing both seller and buyer.
This transaction highlights a prominent trend to provide much needed affordable housing while replacing the depressed office product that currently occupies the nearly 100,000 square foot parcel. The agents strategically utilized their buyer relationships and the Mayor’s Directive 1 program to gain support from the West Valley Alliance for Optimal Living.
