IPA Closes Sale of Student Housing Adjacent to UCLA

IPA Closes Sale of Student Housing Adjacent to UCLA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, CLOSED the sale of Axiom Westwood, a four-building, 153-unit student housing portfolio adjacent to the University of California, Los Angeles (UCLA) in the... Read more »
UC Regents Approves Latest UCLA Housing Project

UC Regents Approves Latest UCLA Housing Project

The University of California, Los Angeles has gotten the go-ahead to build a new high-rise dormitory in Westwood.  The Regents of the University of California approved UCLA’s project calling for the construction... Read more »
Development Site Across from UCLA Fetches M in Off-Market Sale

Development Site Across from UCLA Fetches $38M in Off-Market Sale

Newmark completed the $38.2-million sale of 10918-10926 Le Conte Avenue, a 1.16-acre land site with a 9,647-square-foot office building in Westwood. Newmark executive managing director Ryan Plummer and WESTMAC EVPs Willa McNamarra... Read more »
UCLA is building a 19-story tower for students near the Westwood campus

UCLA is building a 19-story tower for students near the Westwood campus

UCLA, which has been on a campaign to vastly expand student housing around its Westwood campus, is planning a new 19-story tower that 1,150 students can call home. Housing has long been... Read more »
Lawsuit Claims UCLA Violated Rose Bowl Lease Agreement

Lawsuit Claims UCLA Violated Rose Bowl Lease Agreement

The legal battle between the University of California, Los Angeles, the City of Pasadena and the Rose Bowl Operating Company continues as the school mulls potentially abandoning its lease to play football... Read more »
USC Team Takes Top Honors at NAIOP SoCal UCLA vs. USC Real Estate Challenge

USC Team Takes Top Honors at NAIOP SoCal UCLA vs. USC Real Estate Challenge

After a presentation to a team of industry-leading judges, the five-member graduate student team from USC took home the silver shovel as the winner of the 27th Annual NAIOP SoCal UCLA vs. USC... Read more »
USC Team Takes Top Honors at NAIOP SoCal UCLA vs. USC Real Estate Challenge

UCLA Acquires Siemens-Leased El Segundo Offices

Newmark arranged the $55-million sale of 5210 Pacific Concourse, a Class A office building in El Segundo, to The Regents of the University of California. Co-head of U.S. capital markets Kevin Shannon,... Read more »
UCLA Benefactor Couple Lists Beverly Park Estate for M

UCLA Benefactor Couple Lists Beverly Park Estate for $27M

UCLA sports benefactors Nahum and Alice Lainer have listed their Beverly Park estate for $26.5 million, marking the first time the property has gone up for sale. The Lainers built the roughly... Read more »
Major gift accelerates plans for UCLA medical research hub

Major gift accelerates plans for UCLA medical research hub

The reincarnation of a shuttered Los Angeles retail mecca as a sprawling UCLA research center has received a major boost from billionaire philanthropist Dr. Gary Michelson and his wife, Alya, who will... Read more »
UCLA Picks Up 62-Unit Apartment Complex in West LA for M

UCLA Picks Up 62-Unit Apartment Complex in West LA for $39M

UCLA has bought a nearly completed complex with 62 apartments in West Los Angeles for $39 million. The University of California paid cash for the five-story Canfield Apartments at 3301 South Canfield... Read more »