LOS ANGELES-JPMorgan Asset Management - Real Estate, an asset management division of JPMorgan Chase & Co., has agreed to purchase an office development situated in Playa Vista for an amount of $300 million or about $599 per square foot. The Horizon at Playa Vista, a two-building, 501,000-square-foot complex, is located at 12121 and 12181 Bluff Creek Drive.
ASB Real Estate Investments and Lincoln Property Co. are the owners of the property. The complex is being leased to Fox Interactive Media. For the full story, go to Los Angeles Business Journal.
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