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LOS ANGELES-Mark Farzan has bought various assets of the Eastern Columbia building from Beverly Hills-based Kor Group for $5 million. Farzan has bought a vacant space measuring 18,000 square feet on the ground floor of the 13-story property at 849 S. Broadway, a 250-space parking lot at 843 S. Broadway and 31,000 square feet of parking structure at the corner of Hill and Ninth streets.

New Downtown Brokerage represented the buyer and CB Richard Ellis Group Inc. represented the seller. For the full story, go to Los Angeles Business Journal.

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