BISNOW: This Week’s LA Deal Sheet

May 23, 2017

SALES

Roxborough Fund I, an affiliate of San Francisco’s The Roxborough Group, in partnership with LA’s The Ruth Group, bought 9841 Airport Blvd. for $12.5M.

The 15-story, 304,821 SF office tower is 62% leased. A major reno of the building not far from LAX is now planned.

The renovation will include a complete rebranding, cosmetic upgrades to the exterior, a full reno of the office lobby and entrance and improvements to the signage and landscaping.

This is the first acquisition for the partnership.

https://www.bisnow.com/los-angeles/news/deal-sheet/this-weeks-la-deal-sheet-74713