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Cypress Equity, USAA Acquire Two Properties for Redevelopment in Santa Monica

Pico Boulevard Site Fully Entitled for Apartments, Retail Space
By Chris Bundy
CoStar Research
February 1, 2021 | 7:13 P.M.

Cypress Equity Investments and USAA acquired two commercial properties on a combined 1.28 acres at 216 and 234 Pico Blvd. in Santa Monica, California, from Tooley Investment Company. The final sales price was $36 million for land value.

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