Malibu office campus trades for less than half of previous price tag
An office campus perched on a coastal bluff in Malibu has traded hands for $12.5 million, records reveal. The buyer is connected to Weintraub Real Estate Group, and the seller is affiliated with LaSalle Investment Management, a JLL company. The 39,000 square-foot campus called The Enclave had a $28 million price tag nearly a decade ago. The latest deal came to about $320 per square foot. Near Nobu and Soho House’s Little Beach House Malibu, the campus at 22619 Pacific Coast Highway hosts three buildings, each with three stories. LaSalle Investment Management declined to comment, and Weintraub Real Estate Group […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Nuveen takes haircut from pre-pandemic price on Brea office building
New build aims to set resi record for Dana Point with $65M ask
HVN plans more affordable apartments in Mar Vista
David Rockwell Builds a Sinuous Restaurant for L.A.’s New Lucas Museum of Narrative Art
Beverly Hills chateau owned by Casey Kasem’s widow in contract with $16M ask
A Historic San Francisco Penthouse With Hearst Family Ties Asks $5.2 Million
The Biggest Home Design Trends on TikTok Right Now
Nick, Vanessa Lachey list Tarzana home a year after buying it back amid exit from California
You Can Lease a Ray Kappe House in Los Angeles for $9K a Month
4 Design Choices That Make High-End Homes Feel Effortless
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA