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.
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