BISNOW: This Week’s LA Deal Sheet
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.