CITY OF LOS ANGELES HOUSING AUTHORITY ACQUIRES OFFICE BUILDING

VAN NUYS, CALIF. — The Housing Authority for the city of Los Angeles has acquired a two-story, 22,156-square-foot office building for $3.5 million. Located at 6946 Van Nuys Blvd. in Van Nuys, the property is currently occupied by the buyer. Cathy Scullin of NAI Capital Commercial represented the buyer; George Stavaris and Darren Cline of Grubb & Ellis’ North Los Angeles office represented the seller, Van Nuys-based KEPT LLC, in the transaction.