September 30, 2020 Breaking News, Latest News, and Videos

Santa Monica Office Building On Stanford Street Sells For $3.46 Million:

An office building at 1660 Stanford Street in Santa Monica has sold for $3.46 million, according to Lee & Associates – one of the largest broker-owned commercial real estate firms in the country.

David Wilson and James Wilson of Lee’s West LA office represented the buyer, Sumotoo, LLC and the seller The Nancy Goslee Power Trust.

“The property is situated in one of the best Creative Space locations in Santa Monica. It’s pocket-bounded by Stanford, Pennsylvania, Berkeley and Nebraska Avenues, home to many creative companies like Harvest Films, Imperial Woodpecker, Eight VFx, Global Produce and Twistory Studios,” said D. Wilson. “The neighborhood retains the low one- and two-story 1940s-1950s industrial character which has been lost in some of the other creative areas on the Westside.”

The 11,179-square-foot property was sold by James Wilson approximately 11 years ago to Nancy Power, one of the top landscape architects in California. The new buyer plans to tune up the remaining two buildings and make them available for lease in 2013.

Located at 1660 Stanford Street, the property houses the tenant Hybrid Edit, a creative editorial, content and finish studio for commercial, network promotion and entertainment marketing who plans to stay in the property.

in News
Related Posts

Santa Monica Walk to End Alzheimer’s

September 29, 2020

September 29, 2020

Alzheimer’s Association encouraging residents to walk in small groups amid COVID-19 The Alzheimer’s Association is inviting Santa Monica residents to...

Lawsuit Filed Against Plaza Development

September 28, 2020

September 28, 2020

Slow-growth group says City is violating Surplus Land Act By Sam Catanzaro A slow-growth group has filed a lawsuit to...

City Of Santa Monica Being Sued Over Proposed Plaza Project: Santa Monica Beat – September, 28, 2020

September 28, 2020

September 28, 2020

Local news and culture in under 5 minutes. * Santa Monica Being Sued Over Proposed Plaza Project. * LA Street...

Santa Monica Police Make Additional Arrests in Looting of REI

September 28, 2020

September 28, 2020

Marques Miles and Misty Jones arrested by Santa Monica Police Department Santa Monica police recently made additional arrests of two...

OpEd: The Miramar Project Will Be a New Architectural Jewel

September 27, 2020

September 27, 2020

The Miramar Hotel has been a central part of Santa Monica’s history and an integral part of the community for...

Edify TV: Trident Center Redevelopment

September 25, 2020

September 25, 2020

The Westside’s Trident Center is getting a major overhaul and new name as part of a flurry of development in...

Miramar Project to go Before City Council Tuesday

September 24, 2020

September 24, 2020

Councilmember Gleam Davis asks City Attorney whether she should rescue self from vote  By Sam Catanzaro  Santa Monica lawmakers will...

SMa.r.t. Column: Needed, A Heart Transplant

September 24, 2020

September 24, 2020

We have written about adaptive reuse in previous columns and have postulated that with proper incentives, the existing one, two...

Edify TV: Boulders Blocking Westside Encampment

September 24, 2020

September 24, 2020

City officials recently removed boulders placed on sidewalks by some Westside residents to prevent the formation of a homeless encampment....

Should Council Member Davis Recuse Herself From Voting? Santa Monica Beat – September, 24, 2020

September 24, 2020

September 24, 2020

Local news and culture in under 5 minutes. * Should Council Member Davis Recuse Herself From Voting? * Increases In...

SMC to Be Online for Winter and Spring 2021

September 24, 2020

September 24, 2020

College cites lack of available vaccine  By Sam Catanzaro Santa Monica College (SMC) has announced it will be delivering classes...

Edify TV: Al Fresco Program Ending?

September 24, 2020

September 24, 2020

During a COVID-19 pandemic many restaurants have found aid through the City of Los Angeles’ Al Fresco dining program, but...

Local Breweries Say They Have Been Unfairly Shuttered as County Passes Grant Program

September 24, 2020

September 24, 2020

$10 million grant program approved by Board of Supervisors  By Sam Catanzaro Will a $10 million grant program be enough...

Santa Monica Loses Vegan Restaurant

September 23, 2020

September 23, 2020

Space housing Santa Monica vegan restaurant Viva Vegan up for lease By Sam Catanzaro A vegan restaurant in Santa Monica...

Risks Posed by Wildfire Smoke

September 22, 2020

September 22, 2020

UCLA pulmonologist on how people can tell if the wildfires are making them sick By Toi Creel Even if you...