LOS ANGELES-Mark Farzan has bought various assets of the EasternColumbia building from Beverly Hills-based Kor Group for $5million. Farzan has bought a vacant space measuring 18,000 squarefeet on the ground floor of the 13-story property at 849 S.Broadway, a 250-space parking lot at 843 S. Broadway and 31,000square feet of parking structure at the corner of Hill and Ninthstreets.
New Downtown Brokerage represented the buyer and CB RichardEllis Group Inc. represented the seller. For the fullstory, go to Los Angeles Business Journal.
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