L&R Group of Companies purchased a 2-acre block of land in Downtown LA for $20 million at $249 per square foot, surpassing the cost of some office buildings.
One office building in Downtown LA sold for as low as $94 per square foot, reflecting market struggles with vacancy and tenant interest.
Adam Rubin, through his firm Carolwood, previously bought the AON Center at 707 Wilshire Boulevard for $134 a square foot in December.
L&R Group of Companies owns Joe's Auto Parks, Wally Park, and Metro Auto Parks, operating over 125 facilities across nine states, making it a significant downtown LA landlord.
Collection
[
|
...
]