CIM Group is listing for sale a luxury apartment tower in Downtown Los Angeles with a price it says is 40% below replacement costs.
Cushman & Wakefield has been tapped to market the 525-unit 888 at Grand Hope Park, located at 888 South Hope Street. The building, known as 888 Hope, was built in 2018 and is 94% occupied, Green Street reported.
The 34-story tower includes 10K SF of retail that is fully leased to Petco and Habit Burger. The property is connected to a seven-story parking garage will space for 797 vehicles.
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