UCLA Buys Marymount Properties

UCLA purchased this property from Marymount California University. The University of California Los Angeles purchased two properties belonging to M...

February 6, 2023
4:36 PM

UCLA purchased this property from Marymount California University. The University of California Los Angeles purchased two properties belonging to Marymount California University, which ceased operations last year, for $80 million. UCLA acquired the main coastal property, which totals 24.6 acres of developed campus and vacant land in Rancho Palos Verdes, and a neighboring vacant 86-unit student apartment complex on over 11 acres in San Pedro. A Cushman & Wakefield team led by Mike Condon Jr. and Kimberly Brown, along with McKenna Gaskill, Erica Finck, Jacob Kovner and Connor Martin, represented UCLA.

Paola Mendez