LOS ANGELES—The 10-year price-per-unit record in Ventura County is broken. Champion Real Estate has purchased the Vines, a 164-unit apartment complex in Oxnard, from a partnership between Corona Riverpark Promenade LLC and Corona Riverpark Luminaria. The property traded hands for $55.5 million or $338,628 per unit, the highest per-unit price paid for a 100-plus-unit multifamily [...]
LOS ANGELES – Champion Real Estate Co. recently said that its spending goal for 2013 is $100 million in development acquisitions, and the firm has promoted Greg Beck to partner at the firm to find mixed-use properties to add to the portfolio. View article
Real estate developer Bob Champion credits ice cream with launching his business career and landing his wife. A little ice cream has gone a long way for Bob Champion. The veteran developer began his career as a franchisee of Swensen Ice Cream shops, drawing on that experience to ultimately establish his own company: Champion [...]
Developers who began their careers as retailers say the experience helped make them far better custodians of their real estate. The concept of cross-training — practicing multiple sports with a view toward ramping up one’s overall level of fitness — is commonplace today in athletics. Can a similar approach among shopping center developers yield similar [...]
HOLLYWOOD, CA-Mixed-use real estate developer and investor Champion Real Estate Co. has purchased a 1.14-acre commercial parking lot at 1717 Cherokee and 1718 Las Palmas here. The company plans to continue operating the commercial parking lot while developing plans for turning it into a mixed-use project. While the exact purchase price was not revealed, industry [...]
The parking lot behind Hollywood landmark restaurant Musso & Frank Grill was purchased by a Los Angeles developer who intends to build a mixed-use complex on the site. Champion Real Estate Co. bought the paved 1.1-acre site behind the Hollywood Boulevard restaurant and between Cherokee and Las Palmas avenues from Common Fund. The price was [...]
The parking lot behind Hollywood landmark restaurant Musso & Frank Grill was purchased by a Los Angeles developer who intends to build a mixed-use complex on the site. Champion Real Estate Co. bought the paved 1.1-acre site behind the Hollywood Boulevard restaurant and between Cherokee and Las Palmas avenues from Common Fund. The price was [...]
A $20 million all-cash acquisition of a heavily vacant, partially redeveloped five-building, mixed-use complex in Hollywood, Calif. out of receivership shows just how much the commercial real estate market has progressed. For the past two years, most of the assets that have traded hands have been core assets with high occupancies and longterm leases. This [...]
HOLLYWOOD-An affiliate of West Los Angeles-based Champion Real Estate Co. has acquired a fivebuilding, mixed-use complex on a 2.76-acre site that is planned as part of a transit-oriented development featuring retail, restaurants and luxury apartments. The property sold for $20 million in an all-cash transaction, according to receiver Taylor B. Grant, who heads Newport Beach, [...]
Champion Real Estate pays $20 million for several parcels of land, saying it will build a $100-million apartment and retail development there. A Los Angeles developer is planning to build a $100-million apartment and retail development near the Hollywood & Highland entertainment complex. Champion Real Estate Co. paid $20 million for a 2.76-acre collection [...]
