March 28, 2024 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

Former Fox Hills Plaza Mall Sells for $56 Million

$941 thousand per square foot on sale

By Dolores Quintana

The former Fox Hills Plaza Mall has finally been sold to a new buyer for $56 million as reported by The Real Deal.com

A division of company M.C. Strauss was the seller and the property, at 6221-99 Bristol Plaza Parkway, and the property was purchased by Henry Shahery’s Bristol Parkway Propco. Judging by the name of the company, it sounds like the company’s main purpose is the purchase and possible development of this specific property. The sale was originally reported by The Los Angeles Business Journal.

The deal was off-market and the purchase price and cost Bristol Parkway Propco $941 thousand per square foot. 

To show how much prices have increased throughout the years, M.C. Strauss originally bought the property for $2 million dollars in 1976 and has held onto the property, running the mall on the site for decades before its closure. The sale was one that took a lot of time and effort to close as escrow reportedly began in 2016.

Related Posts

Cantonese Dim Sum Master Chef Tony Opens Hollywood Dim Sum at TCL Chinese Theatre

March 27, 2024

March 27, 2024

Experience Exquisite Dim Sum Creations in the Heart of Hollywood 97 years after its founding, the TCL Chinese Theatre will...

Fleurs et Sel Bakery Opens Storefront in West Adams, Welcomes Customers Three Days a Week

March 27, 2024

March 27, 2024

Indulge in Freshly Baked Cookies at the New West Adams Location Fleurs et Sel Bakery, known for its delectable cookies...

Easter Specials Guide: Brunch Spots, Desserts, and More in West Los Angeles

March 27, 2024

March 27, 2024

Discover the Best Easter Eats and Treats in LA for Your Holiday Celebration Easter is almost here, so here are...

(Video) Director Adam Wingard Talks About His Influences While Making GODZILLA X KONG: THE NEW EMPIRE

March 27, 2024

March 27, 2024

Director Adam Wingard Talks About His Influences While Making GODZILLA X KONG: THE NEW EMPIRE at the Beyond Fest Screening...

Attorney for Sean “Diddy” Combs Denounces Investigation as “Witch Hunt”

March 26, 2024

March 26, 2024

Legal Representative Criticizes Probe Amid Federal Sex Trafficking Inquiry An attorney representing Sean “Diddy” Combs criticized the investigation into the...

Culver City Police Department to Conduct High Visibility Traffic Enforcement Operation

March 26, 2024

March 26, 2024

Operation Targets Hazardous Traffic Violations on the West End The Culver City Police Department announced plans to conduct a high...

Historic Union Contract Ratified by Thousands of Hotel Workers At 34 Hotels

March 26, 2024

March 26, 2024

UNITE HERE Local 11 Negotiates Agreement Ensuring Wage Increases  Hotel workers, who spearheaded the largest hotel strike in modern U.S....

Human Rights Campaign’s Los Angeles Dinner Celebrates LGBTQ+ Advocacy and Unity

March 25, 2024

March 25, 2024

Notable Figures Gathered to Champion LGBTQ+ Rights and Combat Discrimination By Aneesha Pappy  The Human Rights Campaign (HRC), the nation’s...

California Bars and Nightclubs Must Offer Drug Testing Devices Starting July 1

March 25, 2024

March 25, 2024

New Law Mandates License Holders to Provide Drug Testing Kits to Patrons Beginning July 1, establishments with Type 48 licenses...

Opinion: West Los Angeles Needs to Care about Veteran Homelessness

March 25, 2024

March 25, 2024

By Kelly Kravchuk  Veteran homelessness is a public health concern that impacts my West Los Angeles community. As a USC...

Culver City City Council Recap: Bruce Lee Alley, Historical Discrimination Study, Women’s History Month

March 25, 2024

March 25, 2024

Council Deliberates on Racial Equity, Infrastructure Upgrades, and Fire Department Strategic Plan The Culver City Council convened its latest session...

Federal Agents Raid Property Linked to Music Mogul Sean “Diddy” Combs In Holmby Hills

March 25, 2024

March 25, 2024

Authorities Conduct Searches in Los Angeles as Part of Ongoing Sex Trafficking Probe Federal agents from the Department of Homeland...

Biden Signs Government Funding Bill with Ban on Pride Flags at Embassies

March 25, 2024

March 25, 2024

White House Vows Repeal Amid Controversy Over LGBTQ Provision President Biden signed a huge government funding package on Saturday, which...

Staples Store in Westchester Could Become a Senior Housing Complex

March 24, 2024

March 24, 2024

Redevelopment Plans Unveiled for Property Near LAX The current site of a Staples retail store near Los Angeles International Airport...

City of Los Angeles Pays Nearly Half a Billion in Liability Claims Over Four Years

March 24, 2024

March 24, 2024

LA Controller’s Report Reveals Significant Payouts from General Fund LA City Controller Kenneth Mejia has continued to audit the City...