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

Property Image
SOLD
$14,900,000
Mick Moody
Mark Tarczynski

California

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Development Site39,256 SF
Sold 12/17/2024
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Property Image
SOLD

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

1260 West 2nd Street

See Similar Deals
Development Site39,256 SF
Sold 12/17/2024
Mick Moody
Mark Tarczynski
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$379
Total Square Footage:39,256 SF
Transaction Type:Sale

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.

Players

Mark Tarczynski
Colliers
Mark Tarczynski
4 deals$71.6M volume
BROKER
Mick Moody
Colliers
Mick Moody
6 deals$61.6M volume
BROKER

Details

SOLD
IMAGE: Hannah Yulo-Luccini, Mark Tarczynski & Mick Moody DATE: 12/17/2024 ADDRESS: 1260 West 2nd Street MARKET: Los Angeles ASSET TYPE: Development Site BUYER: Hannah Yulo-Luccini - Hotel101 Global (@Hotel101Global) - DoubleDragon Corporation BROKERS: Mark Tarczynski & Mick Moody (@MickMoody) - Colliers (@ColliersInternational) SALE PRICE: $14,900,000 SF: 39,256 ~ PPSF: $380 NOTE: Hotel101 Global, the international arm of DoubleDragon Corporation, acquired a 39,256 sq. ft. redevelopment site at 1260 W 2nd Street in Downtown Los Angeles for $14.9M, entitled for a 26-story tower with 335+ units. Colliers’ Mark Tarczynski and Mick Moody brokered the deal, aligning with DoubleDragon’s strategy to target key urban markets with high redevelopment potential.

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