The biggest mixed-use property deal by sales price in Hermosa Beach so far this year is the $33.5 million deal for a 1-acre beachfront retail and short-term rental portfolio, according to Los Angeles County tax assessor records through June 23. Bolour Associates, a Beverly Hills-based real estate development and investment firm, opted to sell the site after abandoning plans to develop a three-story hotel at the site, which is at the corner of Pier Avenue and The Strand directly across from Hermosa Beach Pier. Property records indicate Hermosa Pier and Strand, a limited liability company tied to food manufacturer Harold […]
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