Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES-Pan Pacific LLC of Vernon has purchased the 13-story, 125,000-sf Case Hotel from the YWCA of Greater Los Angeles, according to Newmark & Company Real Estate Inc.

Phillip Sample and Chris Caras of Newmark’s West Los Angeles office represented the seller, with the buyer represented by Dan Daneshrad of the Downtown L.A. office of Grubb & Ellis.

The property, which was built in 1925, is at 1108 S. Broadway. Sample and Caras note that the facility housed the U.S. Department of Labor Job Corps program, overseen by the YWCA, for the past 30 years. The building was originally a hotel that was converted to part office with dormitory units upstairs for youths in the training program. The Newmark brokers say the Department of Labor plans to lease back the entire facility for an undisclosed amount of time. The sales price of the property was undisclosed as well, but the buyer is believed to have paid about $5 million for the building.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.