Engine looks to reposition Beastie Boys legacy into retail hotspot in Atwater Village
Engine Real Estate is repositioning a retail block in Los Angeles’ Atwater Village into what it hopes will become a neighborhood destination for food, wellness, creative production and live music. The investment outfit, which owns real estate in Los Angeles and Napa Valley, purchased the 14,500-square-foot space for around $10 million in a recent off-market deal. Engine Real Estate’s Kevin Walker (who runs the company with his father David) called the buy “a long-term hold.” The deal came out to about $690 per square foot, and the city real estate transfer tax — thanks to Measure ULA — was almost […]This article originally appeared on The Real Deal. Click here to read the full story.
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