News
Maxxam Hunting For More Gaslamp Property
Maxxam likes its recent Gaslamp Quarter buy so much, it's looking for more.
Fresh from its purchase of The William Penn Building, LA-based Maxxam Enterprises has been contacting local brokers in its hunt for more commercial property there, sources familiar with the firm tell us. Maxxam just purchased the circa 1913 mixed-use property at 511 F St for $10.2M. Maxxam officials see the Gaslamp Quarter as one of the rare Class-A clusters where rents are actually lower than in other prime Class-A environments. That means there's a great chance that Gaslamp's landlords will start pushing rental rates up in the near future.
