A mixed-use development site at 1717 North Las Palmas in Hollywood just sold for $23.3M. Bisnow caught up with Champion Real Estate Co partner Greg Beck to get the latest about the sale. Courtesy of Greg Beck Greg says it was Champion Real Estate Co’s plan to initially build on the site, but “once we obtained approvals we realized there was more interest from builders than we expected.”
Greg says it was Champion Real Estate Co’s plan to initially build on the site, but “once we obtained approvals we realized there was more interest from builders than we expected.” As a result, an affiliate of Champion, called Hollywood Cherokee Apartments Venture, sold the entitled site to Airport Holdings LP. Champion obtained entitlements for the development of 224 Class-A residential units over retail.