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BRE Properties Acquires Wilshire Blvd. Land for New Project

Developer Pays $66.5 Million for Downtown LA Parcel to Construct La Brea Mixed-Use Development
By Geno Altiery
March 22, 2007 | 11:37 AM

BRE Properties paid $66.5 million, or more than $20 million per acre, for a 3.3-acre parcel on Wilshire Blvd. in Los Angeles for its Wilshire/La Brea project, a new mixed-use development it plans to deliver in the latter half of 2008.

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