ENCINO, CA-An investment group has paid $4.3 million for an office building here that will soon become the new corporate headquarters of real estate brokerage firm NAI Capital Commercial.
The 32,000-sf complex stands at 16001 Ventura Blvd., across the street from NAI Capital Commercial's current headquarters. It was purchased by private partnership Ventura Gaviota LLC, which was represented by NAI Capital Commercial's Bob Scullin and the brokerage firm's chairman, Michael A. Zugsmith.
The seller is Newell & Associates LLC, another Southland-based limited partnership. Newell was represented by NAI Capital Commercial's Cathy Scullin and Ari Waldstein.
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