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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.

For comments, questions or concerns, please contact Lisa Brown

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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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