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Japanese firm in advanced talks to buy Google’s LA airplane hangar for $300M-plus: sources

Ratkovich Company might get $890 psf for the 358K sf Spruce Goose site in Playa Vista

Ratkovich CEO Wayne Ratkovich, Google CEO Sundar Pichai and the Spruce Goose hangar
Ratkovich CEO Wayne Ratkovich, Google CEO Sundar Pichai and the Spruce Goose hangar

From the Los Angeles website: The future centerpiece of Google’s Southern California campus, the “Spruce Goose” airplane hangar in Playa Vista, is set to fall into Japanese hands.

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Downtown Los Angeles-based Ratkovich Company is in advanced talks to sell the site for a price in the ballpark of $310 million to $320 million, The Real Deal has learned. The prospective buyer is a Japan-based finance and insurance company, sources said, but TRD could not immediately verify the firm’s name. [more]

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