California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Pasadena Playhouse District MF Sold for $66M
The Andalucia, a newly-built, 118-unit, resort-style multi-housing community in Pasadena, has sold for more than $66 million. The seller was a joint venture between Mack Real Estate Development LLC, Mill Creek Development, Pacifica Capital Investments, LLC, ARKA Properties and a capital partner. The property was purchased by an unnamed private foreign investor.
The property is located at 686 East Union St. in Pasadena’s coveted Playhouse District. The six-story, podium-style building with roughly 7,500 square feet of ground-floor retail was completed in 2017. Andalucia’s design reflects the city’s timeless Spanish architecture.
HFF’s investment advisory team representing the seller included Blake Rogers and Sean Deasy.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
