Hearthstone and The New Home Company Buy Seabluff Condo Project in West L.A.
12/19/16: Land Advisors Organization, a real estate firm specializing in residential land development projects since 1987, has announced the sale of Seabluff Condominiums, a 75 unit “permit-ready” project located in West LA’s Playa Vista, CA.
The project is located in Phase 1 of the Playa Vista master plan and is the last for-sale attached development parcel available in the entire community.
Terms were not disclosed. Land Advisors exclusively represented Playa Capital Company, LLC, a subsidiary of Brookfield Residential Properties, Inc., in the sale to Sea Bluffs – Playa Vista, L.P., a joint venture between Hearthstone and The New Home Company. The Land Advisors’ team representing the seller was comprised of Tim Barden, Richard Byrd, and Chris Gomez-Ortigoza.