Onyx building in Glendale sells for $86M

Project includes 183 units near business district

Nov.November 09, 2018 02:15 PM
CEO Ben Lambert of Eastdil Secured with photos of The Onyx

Investment continues to heat up in Glendale this year, most recently with a big sale of a mixed-use project near the Galleria in the city’s central business district.

The Onyx, a six-story, 183-unit project at 301 N. Central Avenue, sold for $86.2 million, Bisnow reported. Burbank-based Chandler Pratt & Partners traded the property to a private buyer.

The project includes studio, one-, two- and three-bedroom apartments, as well as a few townhomes, and 4,500 square feet of ground-floor retail on a 33,200-square-foot lot. KTGY designed the building.

Eastdil Secured represented both the seller and the undisclosed buyer. The building is near the Americana at Brand and the Glendale Galleria retail destinations.

Earlier this year, the DreamWorks Animation campus in Glendale sold to a South Korean partnership for $297 million. And last week, Children’s Hospital Los Angeles expanded its lease in Glendale by 26,000 square feet at 800 Brand Avenue. [Bisnow] – Gregory Cornfield

Related Articles

The 63-unit 1001 Melrose apartment complex in Glendale

Multifamily investor lists Glendale complex for 25% more than he paid

JPI CEO Brad Taylor and a rendering of Jefferson on Avalon

High impact housing: Over 1K units slated to rise in Carson

Aerial view of 611 N. Brand Boulevard and Rossano de Cottiis (Credit: Hunter Kerhart Architectural Photography)

Onni scraps apartment plans for 857-key hotel project in Glendale

Glendale Mayor Ara Najarian and City Hall

No more “party house” in Glendale if new Airbnb law passes

Percival Vaz and a rendering of the housing project (Credit: City of Los Angeles)

Affordable developer AMCAL seeks federal funding for latest resi project

Apartment complex at 1435 Stanley Avenue and Raintree Partners CEO Jeffrey Allen (Credit: Apartment Finder)

Raintree Partners spends $79M on Glendale multifamily portfolio

Chen Siqing, head of Industrial and Commercial Bank of China

China’s largest bank finances long-stalled condo tower project near Staples Center

Steven Witcoff of Witcoff Group, at left, and Howard Lorber of New Valley Group

Witkoff Group and New Valley score $300M refi on WeHo Edition condo-hotel