MJW Investments

  • Sears Building in Boyle Heights Trades Hands for $29 Million as New Owner Takes Charge of Redevelopment Hot Spot

    One of downtown L.A.’s landmark buildings recently traded hands and is set for a change of direction for its use. The Sears Roebuck & Co building, one of the most high-profile structures in the entire Boyle Heights neighborhood, was purchased by residential developer Izek Shomof for a total fee of approximately $29 million. The building was previously owned by MJW Investments, an entity that has owned the asset for the past nine years. The property was previously the focal point of a massive redevelopment project that has since tanked.

    Los Angeles 03 December 2013 15:19

You May Also Like

  • Lightstone Lands $260M Refi for Times Square Hotel

    Goldman Sachs provided the refinancing for the 612-key Moxy Times Square, which made its debut in September of this year.

    01 December 2017 14:45
  • Foremost Acquires 100 KSF Office in CA

    Located in Pomona, Calif., the asset will be managed by Stonewood Properties and Newmark Knight Frank will direct the leasing transactions.

    02 February 2018 15:14
  • Orange County Business Campus Trades for $106M

    Greenlaw Partners and Westbrook Partners acquired Centerpointe La Palma, a 10-building, 525,560-square-foot business park in La Palma, Ca. At the time of sale, the asset was 89 percent leased.

    19 September 2017 14:10
  • Mitsui Fudosan Buys Stake in $3.6B Hudson Yards Project

    The Japanese developer will take a 90 percent stake in 50 Hudson Yards on Manhattan’s Far West Side. The deal follows its 2014 acquisition of the nearby 55 Hudson Yards tower.

    05 September 2017 09:16
  • Next Steps for Health Care

    As patients’ needs change and technology advances, health-care developments are adapting. Mainstreet Group’s Zeke Turner considers how the health-care real estate sector is shifting—and attracting investors along the way.

    31 October 2017 20:32