LOS ANGELES—Douglas Emmett, a public REIT, haspurchased the Carthay Campus in Los Angeles for$75.3 million, or $360 per square foot, from a joint venturebetween Cambra Realty and PRPLLC. Located at 6310/6330 San Vicente Blvd., the class-Aoffice campus has 216,000 square and twobuildings.

Douglas Emmett funded the acquisition with a combination of cashand the company's line of credit. The company focuses on officeproperties in Los Angeles and Honolulu. Douglas Emmett already ownsoffice properties in East Beverly Hills, adjacent to the locationof the Carthay Campus, and a 191,000-square-foot office propertynearby, which the REIT purchased late last year for $61 million. Thisacquisition brings its portfolio to 61 total properties and 15.3million square feet. Douglas Emmett did not respond to a requestfor comment prior to the publication of this story.

Cambra Realty and PRP LLC purchased the property in 2009 for $44million, according to industry sources, after the previous ownerrenovated it in 2008. At the time of the sale, the property had 83%occupancy. The purchase included a 561-stall parking area.