June 1, 2016 Comments Off on HFF Brokers $11.1M Fairfax Village Land Dev Sale Views: 418 California, California News, Los Angeles, West

HFF Brokers $11.1M Fairfax Village Land Dev Sale

For more news on CRE in Los Angeles, attend Connect Los Angeles on June 9 at The Bloc in DTLA.

Holliday Fenoglio Fowler, L.P. (HFF) brokered the sale of SixThirtyNine, a prime development site in Los Angeles’ Fairfax Village District for $11.1 million. The 0.46-acre site is slated for a 60-unit multi-housing project that will provide panoramic views of downtown, the Hollywood sign, Griffith Observatory and the Hollywood Hills.

HFF marketed the property on behalf of the seller, Los Angeles-based Ness Holdings, Inc. The asset was purchased free and clear of existing debt by Los Angeles-based Micropolitan, a subsidiary company of Psomas.

HFF’s investment sales team included Blake A. Rogers, who says the highly-desirable Fairfax Village District site lies near Melrose Ave., immediately north of The Grove, and has a Walk Score of 93.

Read More at HFF

Connect with HFF’s Rogers

Connect with Micropolitan’s Lipa

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