March 2, 2021 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

‘Safe Camping’ at the VA is Open To All Homeless Veterans

March 1, 2021

March 1, 2021

The “safe camping” program is geared toward getting homeless Veterans off the streets and provides a way to transition from homelessness to...

Santa Monica Police Warn of Thieves Targeting Seniors Near Palisades Park

March 1, 2021

March 1, 2021

Two elderly woman robbed along Ocean Avenue recently By Sam Catanzaro Santa Monica police are investigating two thefts targeting senior...

Santa Monica’s Zero Emissions Delivery Zone Pilot Has Begun: Santa Monica Beat – March, 1, 2021

March 1, 2021

March 1, 2021

Local news and culture in under 5 minutes. * Santa Monica’s Zero Emissions Delivery Zone Pilot Has Begun * City...

Video: Closing Down Westside Oil Field?

February 26, 2021

February 26, 2021

Officials are discussing closing a Westside oil field sitting on hundreds of acres of prime coastal land. Learn more in...

Pico Neighborhood Affordable Housing Project Breaks Ground

February 26, 2021

February 26, 2021

Over 70 units of affordable housing come to area near Woodlawn Cemetery By Sam Catanzaro A 70-unit-plus affordable housing development...

Large Properties Drive-up Santa Monica Home Sales Amid Pandemic

February 26, 2021

February 26, 2021

Annual report shows single-family home sales rising By Sam Catanzaro Interest in large properties with five-bedrooms or more helped drive-up...

Santa Monica Police Arrest Parolee for Setting Stolen Car on Fire

February 25, 2021

February 25, 2021

Alex Omar Aguirre arrested by Santa Monica Police Department By Sam Catanzaro A Santa Monica resident this week watched as...

Video: Closing Streets to Allow for More Outdoor Dining?

February 25, 2021

February 25, 2021

A drunk driver recently crashed into a Santa Monica outdoor dining area, bringing attention to a proposal that would close...

Dozens of Santa Monica Restaurants to Participate in dineL.A.

February 25, 2021

February 25, 2021

First ‘spring’ season of culinary event to begin first week in March By Kerry Slater Dozens of Santa Monica restaurants...

Video: Free LA Metro Rides Could Begin Soon

February 24, 2021

February 24, 2021

LA Metro could begin offering fare-less rides as early as next year as part of a $300+ million program. Learn...

That New Car Smell: Keep it Fresh

February 24, 2021

February 24, 2021

If ladies can have a special relationship with a new pair of shoes, just imagine our connection with a brand...

Danny Trejo’s Tacos Coming to Santa Monica

February 24, 2021

February 24, 2021

Popular restaurant owned by legendary actor coming near Promenade By Kerry Slater Legendary actor Danny Trejo is bringing his popular...

Violent Crime Declining in Santa Monica: Santa Monica Beat – February, 22, 2021

February 22, 2021

February 22, 2021

Local news and culture in under 5 minutes. * Violent Crime Declining in Santa Monica * Santa Monica Animal Shelter...

Santa Monica Convicted Felon Indicted for Multiple Firearms Charges After Shooting into Neighbor’s Yard

February 22, 2021

February 22, 2021

Jason Walsh faces federal prison time for January 9 incident By Sam Catanzaro A Santa Monica man previously convicted for...