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Streamline Ktown Building Sells, Finally Some Leasing Action at PDC's Red Building

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KOREATOWN: The 1940 Richardson Apartments in Koreatown have switched hands, selling for $2.5225 million to L33T, LLC of Malibu. The streamline moderne beaut, "believed to have been designed by Milton J. Black," according to a release from broker Hendricks-Berkadia, comes with 13 units (including "two large penthouse units with massive rooftop decks"--see one here), underground parking, and Mills Act preservation tax breaks. [Curbed Inbox]

WEST HOLLYWOOD: The Pacific Design Center's long-awaited Red Building was apparently not awaited enough--it's had trouble finding office tenants to fill up its 400,000 square feet. Three outside brokerage firms have tried to lease the building, according to the commercial real estate experts at Bisnow, but now the PDC has brought in a new internal director of leasing to have a go. (Meanwhile, Red just got its certificate of occupancy in February, despite being pretty much done for at least a year.) The new guy says he's "in discussions with several tenants for leases ranging from one to four floors," plus Charles Cohen of PDC owner Cohen Brothers "is moving his West Coast real estate and media operations from the Blue Whale into the Red Building's east tower." [Curbed Inbox]

Pacific Design Center

8687 Melrose Avenue, , CA 90069 Visit Website