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The Santa Monica Clock Tower has been sold for $34.3 million.
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The Santa Monica Clock Tower has been sold for $34.3 million.

News, Downtown, Business, Santa Monica

Santa Monica Clock Tower Sells For $34.3 Million

Posted Apr. 30, 2013, 10:36 am

Mitch James / Mirror Contributor

The Santa Monica Clock Tower in downtown Santa Monica has sold for $34.3 million, according to The CoStar Group.

The CoStar Group says a private investor sold the 12-story, 53,465-square-foot office building for $642 per square foot to Sorgente Group of America.

This is the second California property for Sorgente Group of America -- it owns the 120,000-square-foot Fine Arts Building in Los Angeles.

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Comments

Apr. 30, 2013, 4:08:52 pm

Bill Spurgin said...

Wow! Isn't this a high price for this property? Rae

May. 1, 2013, 11:08:50 pm

rosario perry said...

Well, maybe now they will fix the clock !

May. 3, 2013, 5:02:08 pm

Tim Hauser said...

It's promptly being knocked down so that they can begin building luxury condos and shops. Approved by the city council of course!

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