An entity affiliated with Los Angeles-based development firm Sandstone Properties has submitted plans to construct a pair of residential towers in Warner Center. The proposed development at 6400 N. Canoga Avenue would feature 25 and 27 story towers, creating a total of 610 residential units. Plans also call for an expansion of an existing three-story...
In October, Sandstone Properties acquired a 150,000-square-foot warehouse near the Los Angeles Convention Center in an area zone for industrial. But as Los Angeles continues to push for ever more hotel rooms Downtown, and following last month’s rollout of a $1.2 billion expansion and redevelopment plan for the convention center, Sandstone’s bet on that area...
A large property located on the west side of the Harbor Freeway could be the site of the next Convention Center hotel. Through a motion introduced last week, 1st District Councilmember Gil Cedillo is looking to initiate a general plan amendment and zone change at 1330 W. Pico Boulevard and 1308-1346 S. Albany Street. The...
Plans were disclosed to build a 184-unit multifamily apartment building, replacing what is now a 36,800-square-foot office building at 21515 Vanowen Street with a 185,000-square-foot apartment building. The owner, an LLC tied to Westwood-based Sandstone Properties, purchased the property in 2016 for $10 million. The project on Vanowen Street would be steps from the Westfield...
Private equity firm Sandstone Properties snagged a 152,000-square-foot industrial warehouse at 1330 W. Pico Boulevard near Downtown Los Angeles for $42 million. The seller was a private investor under the entity Wilshire Pacific Props. Mark Tarczynski of Colliers International represented the buyer and seller. The buyer will most likely redevelop the property, Tarczynksi told the...
Los Angeles-based Sandstone Properties just bought a Class A office building in Sherman Oaks for $56.7 million, or $338 per square foot, from Douglas Emmett. Sandstone has definite plans to further improve the property, which will be a long-term hold, and to court more creative-minded entertainment tenants as current leases expire. Read Article on The...
Sandstone Properties, a Los Angeles-based real estate firm, has unveiled updated designs for a proposed apartment complex to the Neighborhood Council of Westchester and Playa Del Rey’s Planning and Land Use Committee (NCWPDR). The development, slated for an approximately two-acre site at The project has received a letter of support from a representative of the...
A document from the Neighborhood Council of Westchester and Playa Del Rey has unveiled preliminary renderings for a Westchester Apartment Complex planned by real estate investment company Sandstone Properties. The project, located near the 70-acre Howard Hughes Center, would consist of a low-rise structure featuring 176 apartments and a 245-car parking garage. A site plan...
