Search
 

JOSS Is Bullish on the L.A. Market

SANTA MONICA, CA—After purchasing a Silicon Beach office asset at the highest price per square foot last week, the New York-based investor talks about the investment and the firm's interest in the L.A. market in this UPDATE to a previous story.

By Kelsi Maree Borland | Updated on April 22, 2015

SANTA MONICA, CA—New York-based investor JOSS Realty Partners has made its first investment in the Los Angeles market with the purchase of 1315 Lincoln Blvd., a 23,531-square-foot office building in Santa Monica. GlobeSt.com reported earlier this week that the property traded hands between an unnamed New York-based investor and a partnership between Lincoln Property Co., Linwood Ventures and ASB Real Estate Investments for $23.6 million, or $1,004 per square foot.

“This is as close as you can come to irreplaceable real estate,” Larry Botel, managing partner of JOSS Realty Partners, tells GlobeSt.com. “We like markets that have high barriers to entry, and that don’t have a lot of land because we know that there is going to be constant tenant demand even in a cycle. We don’t shy away from deals because of things like price-per-square-foot because we are buying in markets that have less of a risk profile.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.