Globest Sectors

Savlan purchased the development from Lichtman Nass Development Group, LLC for $28 million, which calculates out to $84,337 per unit.

The 69,600-square-foot retail and office mixed-use project at 300 Grant is set to breathe new life into the corner of Grant Avenue and Sutter Street, housing three stories of office space above three stories of retail.

The developer plans to redevelop the existing manufacturing and distribution center on the site.

The firm closed a record-breaking $70 million in the last 30 days, and is also on track to break an annual record.

Since 2018, the Downtown Los Angeles submarket has delivered 5,000 of the nearly 10,000 total units built in the market.

Some 80% of apartment residents say they visited a property website before renting and most Millennials are laser-focused on location, amenities, lifestyle, pricing and ease of doing business.

Rockefeller Group, a national owner and developer of real estate, has topped out its first luxury residential tower called the Rose Hill located at 30 E29th Street in the NoMad submarket.

A joint venture between AEW Capital Management and North Sea Capital Advisors sells the 200,000-square-foot property.