Adam Rubin Of L&R Group Acquires Development Site From AECOM In Los Angeles For $11.6M

The development site located at 1100 South Olive Street in the Los Angeles market has been successfully sold for $11,600,000. The property encompasses 47,806 square feet, translating to a price per square foot of $243. Additionally, it possesses a building square footage of 1,000,000 with a price per building square foot of $12.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,600,000
• Address: 1100 South Olive Street
• Market: Los Angeles
• Square Footage: 47,806
• Price Per Square Foot: $243
• Building Square Footage: 1,000,000
• Price Per Building Square Foot: $12
• Buyer: Adam Rubin - L&R Group
• Seller: AECOM
• Broker 1: Adam Tischer - Colliers
• Broker 2: Mike Condon Jr. - Cushman & Wakefield
• Broker 3: Blake Rogers - JLL

This transaction involved key individuals including buyer Adam Rubin from L&R Group and seller AECOM. The brokers involved in facilitating the deal were Adam Tischer from Colliers, Mike Condon Jr. from Cushman & Wakefield, and Blake Rogers from JLL, each playing a crucial role in the real estate transaction.