L.A. retail reaps hefty price tag

Average cost per square foot nears $1K

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Charles Dunn Co. recently negotiated a two-building retail portfolio sale in West Hollywood, Calif., and a single retail building sale in the Los Angeles area of Los Feliz Village for a total consideration of approximately $10.8 million. The Cord Family sold the 6,300-square-foot, two-building portfolio at 8474 and 8478 Melrose Ave. in West Hollywood to a private investor for $8.8 million. Karl de Silveira sold the 3,600-square-foot building at 1954-1958 Hillhurst Ave. in Los Feliz for approximately $2 million. The buyer was Hillhurst Partners I LLC, and the property was fully leased at the time of sale. ...