Newly Acquired Empire Landing is a Rare Large-Unit Offering in Burbank

Clarion Partners and Cityview jointly acquired Empire Landing, a 276-unit garden-style apartment complex in Burbank, for $161 million. Empire Landing features traditional one- and two-bedroom apartments as well as 41 three-story townhomes with two-car direct access garages.

This is the only rental community in supply-constrained Burbank to offer townhome residences larger than 1,500 square feet. Clarion and Cityview are planning a comprehensive renovation of the common areas, amenities and interiors for the asset at 1901 North Buena Vista St.

“Empire Landing is centrally located where urban and suburban environments converge in one of the most job-rich high-growth economic areas of Southern California, often referred to as the ‘media capital of the world’,” said Devang Shah, managing director, Cityview. “Modernizing this community will deliver class-A style and amenities to a city demonstrating high demand for quality rental housing.” Located in one of the strongest performing submarkets of Los Angeles, Empire Landing is among 10 million square feet of office space within a 10-mile radius, 70 percent of which are class A and largely media companies – including 16 animation studios, 15 television and broadcasting networks, eight record labels, and 10 motion picture studios.