Onyx building in Glendale sells for $86M

Project includes 183 units near business district

Los Angeles /
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

arrow_forward_ios
GPI Companies’ Alexander Akhtarzad  and Josh Flagg with a rendering of Nine Thousand One (GPI, Getty)
Nine Thousand One joins Westside’s upscale apartment market
Nine Thousand One joins Westside’s upscale apartment market
Abode Communities' Holly Benson and rendering of 912 E. Broadway, Glendale (Abode Communities)
Historic medical offices in Glendale to become senior housing
Historic medical offices in Glendale to become senior housing
Brookfield’s Brian Kingston with 425 East Colorado Street (Brookfield's Real Estate Group, LoopNet)
Brookfield sells Glendale office building to owner-occupier
Brookfield sells Glendale office building to owner-occupier
Bolour Associates ceo Mark Bolour with the building at 6432 Santa Monica Blvd. in Hollywood (LinkedIn, Loopnet, Illustration by Priyanka Modi for The Real Deal with Getty)
Bolour picks up Hollywood office building at discount for $14M
Bolour picks up Hollywood office building at discount for $14M
State Senator Anthony J. Portantino (Getty Images, iStock)
State awards $23M for affordable housing in Burbank, Glendale, Pasadena
State awards $23M for affordable housing in Burbank, Glendale, Pasadena
Hacienda Associates' Ernesto Fonseca with 225 West Broadway (Hacienda Associates, LoopNet)
Value of Glendale office building dips to $217 psf
Value of Glendale office building dips to $217 psf
 1933 South Broadway (Loopnet, iStock)
Ara Tavitian scores $150M refi on The Reef in DTLA
Ara Tavitian scores $150M refi on The Reef in DTLA
1633 Victory Boulevard, Glendale and Senior Planner at City of Glendale Dennis Joe (Google Maps, LinkedIn)
New owner wants to enlarge controversial Glendale hotel project
New owner wants to enlarge controversial Glendale hotel project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...