Laguna Point Properties Acquires Barry Shy's Multifamily In Downtown Los Angeles

Barry Shy has sold a multifamily property in Downtown Los Angeles for a total price of $402,000,000. The property, consisting of 1,037 units, was purchased by Laguna Point Properties. The sale was facilitated by Gabriel Guerrero and Justin Chu from Keller Williams Commercial.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $402,000,000
• Units: 1,037
• Price Per Unit (PPU): $387,657

This transaction took place on 04/21/2022 in the Downtown Los Angeles market. Barry Shy acted as the seller of the property, while Laguna Point Properties served as the buyer. The sale was brokered by Gabriel Guerrero and Justin Chu from Keller Williams Commercial.