Beitler sells Westwood Village office, surface parking for $38M

An office building and parking lot near the University of California, Los Angeles campus sold for $38 million. Le Conte Westwood Development, an affiliate of Beitler Commercial Realty Services, sold the 1.2-acre site at 10918–10926 Le Conte Avenue to an undisclosed buyer, L.A. Business First reported.  The price pencils out to $752 per square foot for the property’s 50,500 square feet of land. The office building spans 9,650 square feet.  The property is adjacent to the UCLA campus and Ronald Reagan UCLA Medical Center, near the Westwood Village retail and dining center.  The buyer is a “core Los Angeles institution,” […]This article originally appeared on The Real Deal. Click here to read the full story.