Ratkovich signs Cal State to new lease at massive Alhambra campus

Ratkovich and campus' 2 other owners are planning a large resi development there

Dec.December 14, 2018 11:00 AM
Ratkovich Company CEO Wayne Ratkovich and the Alhambra campus

Ratkovich Company has signed California State University, Los Angeles, to a 12,000-square-foot lease in Alhambra.

The university is leasing the space at The Alhambra, a 40-acre campus in Downtown Alhambra, joining a handful of other higher education institutions there, including the USC Keck School of Medicine, Platt College, and Alliant International University. The County of Los Angeles Parks and Recreation Division also leases there.

The campus also includes conference rooms, a 170-seat auditorium, and a 50,000-square-foot LA Fitness gym. There is a convenience store, car wash, and dry cleaners on campus as well.

Ratkovich, a developer based in Downtown L.A, plans to expand the property.

The firm filed plans for a multifamily development it plans to build in three phases with more than 1,000 units for rent and purchase. The project is dubbed “The Villages at the Alhambra” and would be developed on parking lots there.

Ratkovich currently handles day-to-day operations and leasing at the campus. Last year it sold a majority stake to ELITE International Investment Fund and Future Land Holdings. A year earlier, a $130 million loan with Goldman Sachs on the property was transferred to special servicing. Ratkovich purchased the campus in 1999.

Related Articles

LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

510 Park Avenue and CEO of Monster Beverage Rodney Sacks

Monster Beverage affiliate guzzles down industrial project in San Fernando