MISSISSAUGA, ONT.—Ontario-based real estate firm Morguard Corporation recently announced it has acquired the remaining 40.9-per-cent ownership of Lumina, a mixed-use property in Los Angeles.
With the acquisition, Morguard has reached 100 per cent ownership of the property.
Lumina is a 22-storey mixed-use highrise comprised of 299 urban loft residences, 40,746 square feet of creative office space and 12,078 square feet of retail space, available for lease.
“Our increased investment in this strategically located luxury property strengthens our commitment to multi-suite residential and commercial assets in the United States,” said K. Rai Sahi, chairman and CEO of Morguard, in a statement. “Expanding our ownership of this prominent asset aligns with our portfolio strategy to provide long-term growth potential.”
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