Weekly Real Estate News
Creative Media & Community Trust Corporation (NASDAQ: CMCT), a real estate investment trust, announced the conversion of the top two floors of a three-story, approximately 143,000-square-foot Los Angeles office building into 68 luxury apartment residences.
Located in the city’s Brookside neighborhood, the new residences are configured as studio, one- and two-bedroom floorplans. The apartments have 10-foot ceilings and were fitted with modern fixtures and finishes such as stone counters, wood flooring, sleek cabinetry and in-unit washer and dryer. On-site amenities including a resort-style pool, landscaped courtyard with outdoor picnic and casual seating areas, a resident lounge with movie room and game tables, children’s playroom, fitness and yoga rooms, and a co-working space with both communal worktables and enclosed offices.
The first floor of the property will retain approximately 30,000 square feet of ground floor creative office space, which is 100% leased. The office space will maintain the address of 4750 Wilshire Blvd. while the apartments will have the address of 701 S. Hudson Ave.
