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Richard Weintraub Of Weintraub Real Estate Group Acquires Office Campus In Malibu For $12.5M

Property Image
SOLD
$12,500,000
MG
Richard Weintraub

California

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Office39,286 SF
Sold
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Property Image
SOLD

Richard Weintraub Of Weintraub Real Estate Group Acquires Office Campus In Malibu For $12.5M

22619 Pacific Coast Highway

See Similar Deals
Office39,286 SF
Sold
MG
Richard Weintraub
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$318
Total Square Footage:39286 SF
Transaction Type:Sale

The Enclave office campus, located at 22619 Pacific Coast Highway in Malibu, was sold for $12.5 million, translating to $318 per square foot. This asset consists of 39,286 square feet, highlighting a significant decrease from its previous trade of $28 million in 2017. The property is positioned in the Los Angeles office market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $12,500,000
  • Buyer: Richard Weintraub - Weintraub Real Estate Group
  • Seller: Mark Gabbay - LaSalle Investment Management
  • Lender: Vicino Limited Partnership
  • Square Footage: 39,286
  • Price Per Square Foot: $318

An affiliate of Weintraub Real Estate Group acquired the property, financing the deal with an $8.75 million loan from Vicino Limited Partnership, indicating ongoing adjustments in the pricing dynamics within the Los Angeles office market.

Players

Richard Weintraub
Weintraub Real Estate Group
Richard Weintraub
2 deals$57M volume
BUYER
MG
LaSalle Investment Management
Mark Gabbay
16 deals$686.6M volume
SELLER
VP
Vicino Limited Partnership
LENDER

Details

SOLD
IMAGE: Richard Weintraub & Mark Gabbay DATE: 03/04/2026 ADDRESS: 22619 Pacific Coast Highway MARKET: Malibu ASSET TYPE: Office BUYER: Richard Weintraub - Weintraub Real Estate Group SELLER: Mark Gabbay - LaSalle Investment Management (@LaSalleIM) LENDER: Vicino Limited Partnership SALE PRICE: $12,500,000 SF: 39,286 ~ PPSF: $318 NOTE: An affiliate of Weintraub Real Estate Group acquired the 39,286-square-foot Enclave office campus at 22619 Pacific Coast Highway in Malibu for $12.5 million ($318 per square foot), a 55% drop from its $28 million trade in 2017, with seller tied to LaSalle Investment Management. The buyer financed the deal with an $8.75 million loan from Vicino Limited Partnership, reflecting continued repricing in the Los Angeles office market.

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