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California   /   January 26, 2021

Paul Bubny
By: Paul Bubny

Waterton Nabs 293-Unit OLiVE DTLA

OLiVE DTLA, a 293-unit class-A multifamily property completed in 2016, is located in Downtown Los Angeles’ South Park neighborhood. It has access to entertainment centers such as L.A. Live, the Staples Center, Microsoft Theatre and the Novo. The seven-story building recently sold to Waterton for an undisclosed price.

Walker & Dunlop’s Blake Rogers, Alexandra Caniglia, Hunter Combs, Javier Rivera and Kevin Sheehan represented the property ownership. Justin Nelson and Allan Edelson worked alongside the sales team to arrange acquisition financing on behalf of the buyer.

OLiVE DTLA features amenities including a pool, fully-equipped fitness center with Peloton bikes, rooftop sundeck, outdoor theater, grilling stations and a firepit. The community offers studios and one- and two-bedroom units, as well as loft-style apartments with floor-to-ceiling windows. Finishes include stainless steel appliances, quartz countertops, and in-unit washers and dryers.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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