LOS ANGELES-The city of Los Angeles has finally sold a 21-acre site at 2425 E. Washington Blvd. to Genton Property Group, a real estate investment firm based in Culver City, for $15.4 million. After three failed attempts, the city has sold the parcel of land to a developer.
Genton Property Group has plans to construct a $90-million industrial building measuring 500,000 square feet on the parcel. The property is situated south of the Santa Monica (10) Freeway.For the full story, go to Los Angeles Business Journal.
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