Goldrich Kest Purchases Prime Apartment Building in West Hollywood, CA for $23.65 Million

Carole Glodney

          CULVER CITY, CA -- Culver City-based Goldrich Kest, one of California’s finest and most successful real estate builders and property managers for six decades, has acquired Infinity West, a 43-unit garden-style apartment building in West Hollywood for $23.65 million. 

 Infinity West is situated near the intersection of Sunset Blvd and La Brea Ave with a walkability score of 89 so most errands can be accomplished on foot with easy access to restaurants, retail stores and parks. 

          According to Goldrich Kest President Carole Glodney, more than $500,000 will be invested into the property that was built in 2012.  It offers studio, one- and two-bedrooms units that include amenities such as a fitness center, conference room and secured parking.

Infinity West Apartments, Culver City, CA

         “West Hollywood is one of Southern California’s most desirable and trendy communities known for its high-energy nightlife, eclectic dining scene, comedy clubs and live music venues live,” said Glodney. “Infinity West is a welcome new addition to the Goldrich Kest portfolio.”

Blake Rogers

         Goldrich Kest purchased Infinity West from Bolour Associates, builders of the property.  HFF’s Managing Director Blake Rogers represented the seller.

         The company was founded by Jona Goldrich and Sol Kest, both Holocaust survivors who have since passed.  They launched their company in 1957 with $200 in their pockets and parlayed that into an extensive portfolio of residential, commercial, industrial, and retail space. 

Among their projects are 120 apartment buildings with 13,188 units, 5 marinas with 2,139 slips, 24 senior living facilities with 4,248 beds, and more than 11 million square feet of commercial space.  Seventy of their apartment buildings accommodate low-income families and Goldrich Kest offers free after-school and summer programs to keep its young residents engaged and eager to learn. 

Jona Goldrich

        Goldrich Kest were innovators in their field having been major proponents of condominiums during their infancy in the 1960’s and building senior living facilities starting in 1965. By 1968, the company was a pioneer developer in Marina Del Rey where they built one of the first luxury apartment/marina complexes in what was previously considered swampland.

        In 1970, they entered the Northern California market by unveiling San Jose Gardens Apartments and the next year extended their footprint to San Diego with the opening of Genesee Park Apartments.

Sol Kest

Throughout the 1970s and 1980s construction boom, Goldrich Kest continued adding government-assisted housing to its portfolio and rapidly became one of California’s largest developers of government-assisted apartments. In the 1980s, the company expanded outside of California for the first time.

For more information about the company, visit goldrichkest.com

For more information, please contact:

Olivia Hennessey Public Relations Specialist 9 Greenway Plaza Suite 700 Houston ,  TX  77046 T: 713-852-3403 ohennessey@hfflp.com |@|*