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EVOQ Sells Union Lofts

LOS ANGELES-EVOQ Properties sells the downtown asset containing 92 luxury apartments and a one-acre development site.

By Carrie Rossenfeld | Updated on October 29, 2012

LOS ANGELES-GlobeSt.com has learned that EVOQ Properties has sold Union Lofts, a 10-story building downtown, to Onni Group of Vancouver, BC, for $34 million. The property contains 92 luxury apartment homes and a one-acre development site. The seller was represented in the transaction by Marc D. Renard, Manfred W. Schaub and Meredith L. Johnson of Cushman & Wakefield of California.

MALIBU, CA-Malibu Residential Housing Group Ltd. has selected Chris Maling and David Maling of Colliers International to market for sale the Wave Property, approximately 9.2 acres of land located in the heart of downtown Malibu. The asset, which is offered at $14 million, is currently zoned as community commercial, allowing for a wide variety of uses, including office, retail, restaurants, senior housing and storage. It is the largest undeveloped contiguous commercial land parcel available in Malibu.

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