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| 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.
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| 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.”
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| 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.
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| 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.
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| 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, please contact:
Olivia Hennessey
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Public Relations Specialist
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9 Greenway Plaza Suite 700
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