LOS ANGELES-The city of Los Angeles has finally sold a 21-acresite at 2425 E. Washington Blvd. to Genton Property Group, a realestate investment firm based in Culver City, for $15.4 million.After three failed attempts, the city has sold the parcel of landto a developer.
Genton Property Group has plans to construct a $90-millionindustrial 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.
GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
