An empty lot near Beverly Hills is headed for redevelopment after selling for eight figures. Sherman Oaks-based multifamily developer BW Brody Affiliated Companies paid an individual investor $24.3 million for 9700-9740 West Pico Boulevard, currently a 1.7-acre patch of grass, CoStar reported. The firm plans to develop a luxury apartment complex at the site, in Pico-Robertson just outside the Beverly Hills city limits. Selling for $13.9 million per acre, the sale marks one of the most-expensive lot sales in Los Angeles in years among deals for parcels greater than 1 acre, the outlet said. It’s slightly higher than a similar […]
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