The LA Deal Sheet
Decades in the making, the Rolling Hills Country Club finally has a new look.
The Chadmar Group and Rolling Hills Country Club completed a $125M redevelopment of the private social club and golf course at 1 Chandler Ranch Road in Rolling Hills Estates in Los Angeles’ South Bay.
The 160-acre project includes a new 18-hole golf course and 75K SF clubhouse and other upgraded amenities. Once a sand and gravel quarry, the project has been envisioned by the club and surrounding community since the early 2000s but the recession and titling to redevelop the property stalled the redevelopment.
The club, which was established in 1965, recently hosted its first major event, the Pac-12 Men’s Golf Championships at Rolling Hills in April.
Scottish golf architect David McLay Kidd, who is well-known for his work designing the Castle Course in St. Andrews and others, designed the 18-hole course that overlooks the Los Angeles basin and San Gabriel Mountains.
JLL’s Project & Development Services group, led by Greg Holcomb, oversaw project management of the redevelopment. Altevers Associates was the architect.
“Our goal was to create a country club that our members found prestige in, was embraced by the community and attracted golf enthusiasts from across the United States,” Rolling Hills Country Club’s General Manager Greg Sullivan said. “Rolling Hills Country Club blends the tradition of golf history with modern amenities and features.”
SALES
In an off-market transaction, an undisclosed buyer has purchased an 18-unit apartment in West Hollywood from ZRM LLC for $6.7M. The property at 1246 North Hayworth Ave. sold for $373,666 per unit. Marcus & Millichap’s Sam Liberow represented the buyer and seller.
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An undisclosed buyer purchased an eight-unit apartment building at 7962 Norton Ave. in West Hollywood from a private trust for $2.03M. Marcus & Millichap’s Tony Azzi and Jordan Asheghian represented the seller and buyer.
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1319 South St. Andrews Pl LLC has purchased a 14-unit apartment property in Los Angeles from a private trust for $2.5M. The 8,300 SF property is at 1319 South St. Andrews Place. Marcus & Millichap’s Sevak Keshishian and Shara Parseghian represented the buyer and seller.
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First Industrial Realty Trust has purchased a 173K SF industrial building in Valencia from a private investor for $20.7M. Built in 1999, the single-story building at 28545 Livingston Ave., is within the Valencia Commerce Center. NAI Capital’s Chris Jackson and Todd Lorber represented the buyer and seller.
EXECUTIVE NEWS
Premier Business Centers has hired Michael Pollack as the vice president, director of real estate. Pollack will manage the company’s real estate portfolio, including new location acquisitions, renewals and other real estate matters for Premier. Prior to joining Premier, Pollack served as the senior director of real estate for Regus Plc.
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Hospitality veteran Cara Leonard has joined CBRE Hotels as a senior vice president. Leonard will be based in the company’s Beverly Hills office, where she will focus on debt and structured finance in the hotel sector in U.S., according to CBRE officials.
Prior to joining CBRE, she served as senior managing director at Savills Studley.
