California's universities continue to expand their real estate holdings in the Golden State.

In the latest acquisition, UCLA has expanded its reach from its Westwood base by absorbing a 24.5-acre waterfront campus that used to be the home of Marymount California University.

The $80M deal for the campus, located at 30800 Palos Verdes Drive East in Rancho Palos Verdes, includes an 11-acre residential complex encompassing 81 townhomes on South Antietam Street in nearby San Pedro.

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