Southern California Real Estate and Neighborhoods

Two Artist Loft Buildings in Arts District Are Acquired

Two Artist Loft Buildings in Arts District Are Acquired

Two adjacent ‘Arts District‘ buildings that currently consist of artists loft have been acquired for $20 million. The developers are considering their options, including offices, retail, rentals, a hotel or condos. The project will join a bevy of development activity in the area.

The two buildings originally served as industrial spaces, one housing the Johannes Bros & Co factory, which produced Ben Hur coffee and spices.  Developers converted them into lofts in the 80’s as part of the first wave of artists who moved into the area.

DLJ Real Estate scoops up two Arts District industrial properties for $20M

 



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