University Of California Acquires School And Student Housing In Rancho Palos Verdes And San Pedro For $80M

The sale of a property asset located at 30800 Palos Verdes Drive and 1600 Palos Verdes Drive North in Rancho Palos Verdes and San Pedro has been completed. The property consists of a school and student housing.

Summary of transaction details

• Property Type: School & Student Housing
• Transaction Amount: $80,000,000
• Buyer: The Regents of the University of California - Chancellor Gene Block
• Seller: Marymount California University
• Buyer's Representative: Cushman & Wakefield
• Seller's Representatives: Adrienne Barr & Steffan Braunlich - Berkadia
• Lender: JMB Capital Partners Lending LLC
• Mortgage Broker: Keith Rosso - Berkadia

The buyer, The Regents of the University of California, was represented by Cushman & Wakefield, while the seller, Marymount California University, was represented by Adrienne Barr & Steffan Braunlich of Berkadia. The transaction involved a sale price of $80,000,000.