Historic Pasadena Bank Building Changes Hands

"The eight-story, 116,000-square-foot building on the edge of Old Pasadena was the largest commercial building in the city at the time of its completion in the 1920s, according to Ross Wallach of Diversified Commercial Investments, who represented the buyer along with Douglas Cancienne of Diversified."

"The building, which has been renovated during the last decade, was designed in the renaissance revival style by the architectural firm of Curlett & Beelman, with granite, brick and terra cotta exterior and an interior featuring marble, wood and Florentine-style painted surfaces."

Blue Real Estate Management, based in Pacific Palisades, acquired the historic Pacific Southwest Trust & Savings Bank building located at 234 E. Colorado Blvd. in Pasadena for $11.5 million. The eight-story, 116,000-square-foot structure was the largest commercial building in Pasadena when completed in the 1920s. Designed by the architectural firm Curlett & Beelman in the renaissance revival style, the building features granite, brick, and terra cotta exterior elements, with interiors showcasing marble, wood, and Florentine-style painted surfaces. The building underwent renovation during the previous decade. Blue Real Estate Management acquired the property on behalf of investor clients, with the transaction facilitated by Diversified Commercial Investments representing the buyer and Cushman Realty Corp. representing the seller.

Read at Los Angeles Times