Another developer with plans for a high-rise hotel near the Los Angeles Convention Center is angling for a financial incentive package, according to a motion introduced yesterday by City Council member Gil Cedillo. Sandstone is seeking financial incentives to for the project similar to those offered to other large hotel developments near the Convention Center,...
Sandstone Properties is hoping to take advantage of the tech and office resurgence in Culver City with a boutique hotel project. The Los Angeles-based firm plans to build a 175-room hotel, rising at 11469 Jefferson Boulevard. The five-story building would also include restaurant space. It would replace a 12,600-square-foot strip mall. Read the article on...
Los Angeles-based real estate developer Sandstone Properties has announced plans to replace a strip mall in Culver City with a hotel. The proposed development, slated for a property at 11469 Jefferson Boulevard, is being designed by Nakada Partners and calls for the construction of a five-story building featuring 175 guest rooms. Amenities, restaurant space, and...
Sandstone Properties sold an office complex in El Segundo for $31 million, completing an off-market deal at a time when the city is experiencing a real estate boom. The Sherman Oaks-based Sandstone acquired the 55,000-square-foot vacant building for $4 million in 2004. Sandstone sold the property 2221 PPA, LLC, operated by the firm’s founder, Eri...
Sandstone Properties revealed new details about its 730-key hotel project near Downtown Los Angeles. Dubbed the Albany, the development is slated to replace a vacant 150,000-square-foot warehouse on Pico Boulevard. The project will rise less than half-a-mile away from the L.A. Convention Center, one of many developments that are transforming the surrounding area. https://therealdeal.com/la/2019/04/02/new-details-emerge-for-sandstone-properties-dtla-hotel-project
The Albany project, which comes from Los Angeles-based real estate investor Sandstone Properties, will replace a currently-vacant building located at the intersection of Pico Boulevard and Albany Street — immediately west of the Harbor Freeway. Plans call for a 37-story building which would feature 730 hotel rooms, 63,000 square feet of banquet space, and more...
Eri Kroh, founder of Sandstone Properties, is selling his 30-acre spread, a massive piece of land in Bel Air that is entitled for a mansion up to 40,000 square feet. The price, $60 million. This one took Kroh over a decade to secure the permits. He’s already begun construction on the home, but wants to...
Take a tour of plans envisioned for Stella Nova – 1400 Linda Flora.
An affiliate of Westwood-based firm Sandstone Properties filed an application with the City of Los Angeles to allow for the construction of a mixed-use high-rise development at the corner of Pico Boulevard and Albany Street. Plans call for the construction of a 39-story tower featuring 696 guest rooms above a five-level podium. A project description...
Sandstone Properties is back at work and doubles down in Warner Center with plans for a major residential project, its second of the year there. The Westwood-based firm wants to build two residential towers — one 25 stories the other 27 stories — and a total of 610 units at 6400 Canoga Avenue. https://therealdeal.com/la/2018/06/14/sandstone-doubles-down-in-warner-center-with-610-unit-project/
