Morguard Corp. takes full ownership of premium mixed-use property in Los Angeles

Morguard Corp. has acquired the remaining 40.9 percent ownership of Lumina, a premium mixed-use property in Los Angeles. With this acquisition, Morguard increased its ownership to 100 percent, expanding its investment in California and the United States.

“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. “Expanding our ownership of this prominent asset aligns with our portfolio strategy to provide long-term growth potential.”

Lumina is a 22-story mixed-use high-rise consisting of 299 urban-loft residences, 40,746 square feet of creative office space, and 12,078 square feet of retail space available for lease.

Lumina is located in an area of Hollywood where thousands of media- and arts-industry workers come together. The property is surrounded by top international media-production and enter