A newly built residential and retail building in Azusa has been purchased by a private investor with ties to the “Happiest Place on Earth.” An affiliate of Richard Battaglia, a former Walt Disney Company employee who designs and develops theme parks, bought the 127-unit Lumia luxury apartment building at 850 North Azusa Avenue in Azusa for $53 million, Commercial Observer reported. The seller was Serrano Development, which built the property in 2024. CBRE’s Chris Tresp, Derrek Ostrzyzek, Rachel Parsons, Mike Murphy and Kenji Thomas represented the seller in the deal; the buyer’s representative was not disclosed. Lumia is located next […]
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