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Los Angeles Mixed-Use Commercial Property

Los Angeles, California – We have NNN Commercial Real Estate news from the Left Coast today. Our recent Commercial Property search found a newly completed commercial real estate development. The Commercial real estate developer, Legacy Partners, has completed the project of a Commercial Real Estate development known as 1600 Vine. This Commercial Real Estate development cost approximately $265 million. This Commercial Real Estate development is a mixed-use project at the famous corner of Hollywood and Vine in Los Angeles, California. This Commercial Real Estate development project was in the works for almost a decade.

The commercial real estate developer, Legacy Partners creates superior value from commercial real estate investments by combining their local market expertise, operational excellence, and innovative thinking. The commercial real estate development firm has more than 40 years of experience successfully investing in and managing multifamily real estate assets in the United States. Legacy Partners has acquired or developed over 68,000 multifamily units exceeding $5.3 billion of cost in the western and southwestern United States, since 1968.

This is a List of The commercial real estate development firm’s capabilities.

• Acquisitions & Development
• Asset Management
• Property Management, Marketing & Leasing
• Construction Administration
• Dispositions Administration
• Ancillary Services

List of Completed Commercial Real Estate Developments:

1600 Vine
5550 Wilshire
7950 West Sunset
Blu
Burbank Senior Artists Colony
Crescent Park at Playa Vista
Pacific Place
The Pointe at Warner Center
Villa Malibu

The 1600 Vine Commercial Property is a 12-story transit-oriented development along the Hollywood Walk of Fame. The Commercial Real Estate Development encompasses 375 apartments, including 297 at market rate and 78 classified as affordable. The commercial mixed-use property has approximately 32,597 square feet of ground-floor retail space for net lease properties. The Commercial Real Estate Development is leasing to great tenants, such as Trader Joe’s Market, Wells Fargo Bank, Café Entourage, Bubbles, and a full service dry cleaners.

The Commercial Real Estate Development has a 215-space on-site public parking lot for Tenants and visitors of the net lease properties. The commercial mixed-use project was a collaborative effort between Legacy Partners, Gatehouse Capital and the community redevelopment agency of the city of Los Angeles. This Los Angeles agency is directly above the Hollywood – Vine Red Line Metro Station. These Mixed-use properties are fine for investors in a 1031 exchange.

The California Commercial Real Estate Development will have rental apartments range in price to rent from $2,375 to $11,125 per month. There are 110 studios, 132 one-bedroom flats, six one-bedroom townhomes, 78 two-bedroom flats, 47 two-bedroom townhomes and two three-bedroom townhomes ranging in size from 612 to 3,183 square feet.

In addition to Legacy, the project team for the development includes general contractor Webcor, financial partner CalPERS, lender Deutsche Bank, architect HKS Architects, landscape architect Rios Clementi Hale Studios, structural engineer DCI Engineers, and civil engineer Fuscoe Engineering. Legacy has acquired, developed, and managed a $7 billion Investment Property Portfolio in Northern California, Southern California, Arizona, Colorado, Washington, and Texas. The commercial real estate developers, Legacy Partners has their Corporate Headquarters at 4000 East Third Avenue, in Foster City, California.

Contact us to sell your net lease properties or other Commercial Property Types. Also we can assist you with the  purchase of NNN Property or for 1031 exchange replacement property opportunities.

We recommend all Commercial Real Estate Investors use financing specialists. We can offer some qualified Commercial Lenders for CTL Financing, Mezzanine Loans and Commercial Loans.

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