Intracorp Buys Condos in Downtown L.A.
Roger Vincent
Intracorp Southern California has acquired the Savoy, a recently completed condominium complex formerly known as the Alexan Savoy in downtown Los Angeles, from Trammell Crow Residential.
Newport Beach-based Intracorp Southern California paid $100 million for the 303-unit complex at the southeast corner of 1st and Alameda streets, according to real estate brokerage Cushman & Wakefield. It was completed late last year at a cost of about $65 million.
More than 200 units have been sold. Asking prices range from $400,000 to $850,000.
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-- Roger Vincent
