Skydance Media - David Ellison Acquires Multifamily Property In Santa Monica For $321M

The multifamily property located at 3000 W Olympic Blvd in Santa Monica has recently been sold. The transaction took place on April 16, 2019, with Skydance Media's David Ellison acquiring the property. The sale was facilitated by Eastdil Secured, who acted as the broker.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $321,000,000
• Square Footage: 278,687
• Price per Square Foot: $1,151
• Address: 3000 W Olympic Blvd, Santa Monica

The seller of the property was Artisan Realty Advisors & Brightstone Capital Partners. The purchase price of $321,000,000 equates to a price per square foot of $1,151. This transaction represents a significant investment in the Santa Monica market. Congratulations to Skydance Media's David Ellison on the acquisition.