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
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