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Thursday, December 28, 2023

Another UCLA real estate purchase: Westside Pavillion


You probably know what the Westside Pavillion looks like, before and after Google planned to take it over and it was converted from a mall to office space. So, we'll show you what was there before the Pavillion. In any event, it appears UCLA is buying it, but for what purpose is unclear. But then, we still don't know what will be done with the Palos Verdes defunct college campus UCLA bought for $80 million.

At least, you can get from the Westwood campus to the Pavillion by public transit in a reasonable amount of time.

From Urbanize LA: Nearly five years ago, developer Hudson Pacific Properties kicked off the new year by announcing a landmark deal to transform the shuttered Westside Pavilion shopping mall into a more than 580,000-square-foot office campus for Google. Now, that deal appears to be in doubt as an L.A. institution takes control of the property.

An environmental notice published earlier today states that UCLA is acquiring the former Westside Pavilion for an undisclosed sum from Hudson Pacific Properties and Macerich. The purchase will include the eastern half of the mall at 10800-10830 W. Pico Boulevard, which has been gutted and converted into office space, as well as the largely unchanged western portion of the mall at 10850 W. Pico Boulevard.

The university's plans for the site are not set in stone at this point in time. "The University will make no decision to undertake further development until it has complied with CEQA and an overall site development plan has been approved..." reads the notice.

The purchase does not appear to include the West End, formerly the Westside Pavilion's Macy's, which has been converted to a separate 240,000-square-foot office complex by GPI Cos. A parking garage that once served the mall has since been razed, and is now being redeveloped with a mixed-use apartment complex by GPI.

...The Westside Pavilion may be the largest acquisition yet for UCLA, which has gone on a buying spree over the past two years, acquiring the historic Trust Building in Downtown Los Angeles for a satellite campus and the former Marymount California University campus in Rancho Palos Verdes.

Full story at https://la.urbanize.city/post/breaking-ucla-buying-westside-pavilion.

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