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California  + Los Angeles  + Apartments  | 

Century City Development Site Trades to Private Investor

CBRE arranged the $4.9-million sale of a 8,450-square-foot multifamily development site in the Century City submarket of West Los Angeles to 416 Development Group, LLC, which will utilize Fox Hills Development Group, LLC as the development entity. Laurie Lustig-Bower and Kamran Paydar with CBRE’s Los Angeles Multifamily Investment Sales represented the seller, 1814 Fox Hill Drive, LLC, a Los Angeles-based private investor.

The site is located on the Northeast corner of Missouri Avenue and Fox Hills Drive at 10285 W. Missouri and 1814-1824 Fox Hills Dr. The buyer is planning to build a 20-unit apartment building.

“The site’s proximity to premier retail amenities and the Century City business district provides an ideal live-work-play environment,” said Lustig-Bower.

“Missouri-Fox Hills is a rare opportunity to acquire an infill development site in one of Los Angeles’ top residential and business locations,” Paydar added.

The property is one block from Westfield Century City, an open-air retail destination with more than 200 shops and restaurants, and within walking distance of Century City.

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CBRE's Lustig-BowerCBRE's Paydar

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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