Cedars Sinai Acquires Development Site On S. La Cienega In Los Angeles For $10.5M

Located in Los Angeles, at 350-352 S. La Cienega, a development site was recently sold in a transaction. The property, with a total square footage of 53,429, was purchased by Cedars Sinai at a price of $10,500,000. The buyer was represented by Lauren Aboulafia and Seth Grossman from Conroy Commercial. The sellers, Camden Partners and Home Silk Shop, had their interests represented by Lauren Aboulafia and Seth Grossman as well.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,500,000
• Square Footage: 53,429
• Buyer: Cedars Sinai
• Seller: Camden Partners & Home Silk Shop
• Seller's Representative: Lauren Aboulafia & Seth Grossman - Conroy Commercial

This transaction brought together key individuals and companies in the real estate industry. Cedars Sinai acted as the buyer, while Lauren Aboulafia and Seth Grossman of Conroy Commercial represented both the buyer and the sellers. Camden Partners and Home Silk Shop were the sellers in this deal. The acquisition of this development site by Cedars Sinai marks an important investment in the Los Angeles market.