The sale of a school and school housing property located at 30800 Palos Verdes Drive East and 1600 W Palos Verdes Dr N in Rancho Palos Verdes and San Pedro has been finalized. The property, with a total square footage of 1,564,675, was sold by Marymount California University to UCLA for a total price of $80,000,000.

Summary of transaction details

• Property Type: School & School Housing
• Transaction Amount: $80,000,000
• Market: Rancho Palos Verdes & San Pedro
• Square Footage: 1,564,675
• Buyer: UCLA
• Seller: Marymount California University
• Buyer's Representative: Mike Condon Jr, Erica Finck, Jacob Kovner, Connor Martin, Mckenna Gaskill, and Kimberly Brown - TEAM CONDON Cushman & Wakefield

The sale was completed on January 25, 2023. The transaction involved the collaboration of Mike Condon Jr, Erica Finck, Jacob Kovner, Connor Martin, Mckenna Gaskill, and Kimberly Brown from TEAM CONDON Cushman & Wakefield who represented UCLA as the buyer. This acquisition marks a significant investment for UCLA in the education sector.