UCLA closes deal to buy former Marymount California University campus

The University of California, Los Angeles, has closed its deal to buy the former campus of Marymount California University for $80 million, accordi...

January 27, 2023
2:42 AM

The University of California, Los Angeles, has closed its deal to buy the former campus of Marymount California University for $80 million, according to Cushman & Wakefield, which represented UCLA in the transaction. The coastal property overlooking the Pacific Ocean comprises nearly 25 acres of developed campus and vacant land in Rancho Palos Verdes, California, plus a neighboring vacant 86-unit student apartment complex on about 11 acres in San Pedro. Marymount California University, a private Catholic university, closed operations at the campus in 2022, citing rising costs and declining enrollments.

I-Chun Chen