Landlord once again. (Real Estate).(City of Los Angeles buys Marvin Braude San Fernando Valley Constituent Service Center in Van Nuys from developer Voit Development Co. )(Brief Article)

Los Angeles Business Journal | July 7, 2003| | Copyright

The low interest rate bug has bitten Los Angeles.

The city purchased the recently completed Marvin Braude San Fernando Valley Constituent Service Center in Van Nuys from developer Voit Development Co. The purchase price for the property on Van Nuys Boulevard was $31.5 million, which included the 142,000-square-foot building that houses offices for the departments of Transportation, Finance and Building and Safety.

The city already owned the 2.3-acre parcel underneath the building and had brought on Voit, which has developed Warner Center Plaza and Van Nuys ...

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