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LOS ANGELES – UrbanBlox has acquired a 51,055-square-foot office building in Downtown Los Angeles’ Jewelry District for $8.5 million. The building is located at 718 S. Hill Street. The firm plans to redevelop the building into creative office space with ground-floor retail. This is UrbanBlox’s 12th acquisition in the past 15 months. The firm has been purchasing creative, mixed-use and multifamily properties in the LA River, Downtown Los Angeles, Hollywood and Silver Lake areas. UrbanBlox was represented by JLL’s Mike Condon Jr. The seller was BRC Advisors.