{"id":1004202437,"date":"2018-01-05T13:11:49","date_gmt":"2018-01-05T21:11:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004202437"},"modified":"2022-12-07T16:11:38","modified_gmt":"2022-12-08T00:11:38","slug":"hollywood-development-site-sells-for-17m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hollywood-development-site-sells-for-17m\/","title":{"rendered":"Hollywood Development Site Sells for $17M"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004202438\" style=\"width: 340px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/6220-Yucca.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004202438\" data-attachment-id=\"1004202438\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hollywood-development-site-sells-for-17m\/6220-yucca\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/6220-Yucca.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"6212-6224 West Yucca Ave., 1756-1760 Argyle Ave\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;6212-6224 West Yucca Ave., 1756-1760 Argyle Ave. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/6220-Yucca.jpg?w=800\" class=\"wp-image-1004202438 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/6220-Yucca.jpg\" alt=\"6212-6224 West Yucca Ave., 1756-1760 Argyle Ave. \" width=\"330\" height=\"256\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/6220-Yucca.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/6220-Yucca.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/6220-Yucca.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 330px) 100vw, 330px\" \/><\/a><p id=\"caption-attachment-1004202438\" class=\"wp-caption-text\">6212-6224 West Yucca Ave., 1756-1760 Argyle Ave.<\/p><\/div>\n<p>Yucca Argyle Owner A LLC, an entity of Champion Real Estate Co. has acquired a development site in Hollywood, Calif., for $17 million. JLL represented the buyer and Commercial Asset Group worked on behalf of the seller in the transaction.<\/p>\n<p>Located at Yucca Street and Argyle Avenue near Capitol Records, the site will host a mixed-use asset, featuring a 20-story apartment building, a 136-key hotel and commercial space as well. The project site is currently occupied by a 40-unit community and a single family home, which will be demolished and replaced by the new development. The buyer plans to rebrand the site as 6220 Yucca. Construction is expected to commence in 2019 and is slated for completion by\u00a02022.<\/p>\n<p><em>\u201cThis was a very long escrow with the buyer and the seller working together to complete this complicated transaction,\u201d<\/em> said David Aschkenasy of Commercial Asset Group, in prepared remarks.<\/p>\n<p>Jason Gribin of JLL represented the buyer and Aschkenasy worked on behalf of the seller in the deal. Another transaction completed by JLL includes the sale of two <a href=\"https:\/\/www.commercialsearch.com\/news\/jll-brokers-sale-of-2-industrial-facilities\/\">industrial facilities in Tampa<\/a>\u00a0last month.\u00a0<\/p>\n<p><em>Image courtesy of Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The site will host a mixed-use development, featuring an apartment building, a hotel and retail space. JLL completed the sale on behalf of the buyer. <\/p>\n","protected":false},"author":871,"featured_media":1004202438,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,21783,1594,21752,21742,15],"tags":[34983,32796],"class_list":["post-1004202437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-investment","category-los-angeles","category-mixed-use","category-latest","category-west","tag-champion-real-estate-company","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hollywood Development Site Sells for $17M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hollywood-development-site-sells-for-17m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hollywood Development Site Sells for $17M\" \/>\n<meta property=\"og:description\" content=\"The site will host a mixed-use development, featuring an apartment building, a hotel and retail space. 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