An office building designed by modernist architect Craig Ellwood and located in El Segundo traded hands at discount, according to Los Angeles County property records dated late December. AVG Partners, a private equity firm based in Beverly Hills, and Majestic Asset Management, an Agoura Hills-located boutique real estate company, purchased the three-story property at 777 South Aviation Boulevard for $121.5 million, or about $405 a square foot — marking a 28.5 percent loss for the sellers. Ocean West Capital Partners and Lionstone Investments purchased the real estate pre-pandemic, in 2019, for $170 million, or about $560 per square foot. The […]
This article originally appeared on The Real Deal. Click here to read the full story.
Powered by WPeMatico