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.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.