Mack Urban, AECOM Announce Acquisition of Six Acres in Downtown LA CBD

Mack Urban and AECOM Capital, the investment fund of AECOM Technology Corporation ACM, announced today the acquisition of six acres of land in downtown Los Angeles' South Park district located in the central business district (CBD). Valued at more than $80 million, this transaction is the largest land acquisition, by acreage, in the CBD since before the U.S. economic recession began during 2008, noted Paul Keller, CEO of Mack Urban. The seller was EVOQ Properties. “Mack Urban is building a portfolio of class A, institutional quality, highly amenitized multifamily residential developments in West Coast gateway cities. This acquisition of land in L.A.'s South Park is a major See full press release