Alex Massachi has purchased a development site located at 8025 Santa Monica Blvd in West Hollywood. The sale was facilitated by Brendan McArthur from JLL. The property was sold by Bank of America National Association for a total price of $13,600,000. The development site spans approximately 120,000 square feet and has a price per buildable square foot of $113.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $13,600,000
• Address: 8025 Santa Monica Blvd
• Market: West Hollywood
• Buyer: Alex Massachi
• Seller: Bank of America National Association
• Broker: Brendan McArthur - JLL

Alex Massachi, the buyer, is the founder of Massachi Industries. The firm specializes in real estate investment and development projects, working with institutional capital partners to create innovative and inclusive urban housing designs. In line with their goals, Massachi Industries plans to develop a mixed-use project with 130 units at the West Hollywood location. The company is actively hiring talent for their acquisitions and project management teams, interested individuals can reach out to [email protected].