Two, three-story, mixed-used oceanfront buildings in Venice sold for $30.7 million, according to property records. The buildings, at 619 and 701 Ocean Front Walk, were once home to Snapchat when the social media company was headquartered in the Silicon Beach neighborhood. The roughly 45,000-square-foot property, which encompasses 10 beachfront live-work lofts (with outdoor patios and balconies, plus private rooftops) and ground-floor retail, was purchased by a company connected to Stefan Ashkenazy — who owns the Petit Ermitage hotel in West Hollywood. A BrightSpire Capital subsidiary provided a $27 million loan, according to documents signed by Ashkenazy. The seller was a […]
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