Hannah Yulo-Luccini Of Hotel101 Global Acquires Development Site In Downtown Los Angeles For $14.9M

A development site located at 1260 West 2nd Street in Los Angeles has been acquired for $14,900,000. The site spans 39,256 square feet and is entitled for a 26-story tower featuring over 335 residential units. The property is part of a strategic expansion into urban markets with significant redevelopment potential.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $14,900,000
• Square Footage: 39,256
• Address: 1260 West 2nd Street
• Market: Los Angeles
• Price Per Square Foot: $380
• Buyer: Hannah Yulo-Luccini - Hotel101 Global - DoubleDragon Corporation
• Brokers: Mark Tarczynski & Mick Moody - Colliers

The deal was facilitated by brokers Mark Tarczynski and Mick Moody from Colliers, who played a pivotal role in aligning the transaction with DoubleDragon Corporation’s growth strategy and focus on high-potential redevelopment sites in key urban areas.