Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Advising UCLA in Acquiring Former Marymount California University Campus in Southern California for $80 Million

Joshua Deale • 9/28/2022

Ocean view campus will help university educate more constituents in the state of California 

RANCHO PALOS VERDES, Calif., September 27, 2022 – Cushman & Wakefield, a leading global real estate services firm, announced that the firm is representing the University of California Los Angeles (“UCLA”) under the advisory of the University of California Board of Regents in acquiring the former Marymount California University (“MCU”) campus in Southern California. Overlooking the Pacific Ocean and Catalina Island, the coastal property comprises ±24.57 acres of developed campus and vacant land in Rancho Palos Verdes plus a neighboring vacant 86-unit student apartment complex situated on ±11.06 acres in San Pedro.  

MarymountUCLA’s sale acquisition, which is under a mandate by the University of California Board of Regents for the state’s public universities to educate more students, is expected to close in October for $80 million.  

A team from Cushman & Wakefield led by Mike Condon Jr. and Kimberly Brown along with McKenna Gaskill, Erica Finck, Jacob Kovner, and Connor Martin is representing UCLA in the acquisition. The seller, Marymount California University, is being represented by Adrienne Barr and Steffan Braunlich of Berkadia.  

“This was a strategic opportunity for UCLA to acquire a best-in-class university campus on a significant piece of coastal hillside real estate with spectacular ocean views that will be a very attractive setting for students,” said Vice Chairman Mike Condon Jr. “Having grown up on the hill, the MCU campus has always been an iconic land site that had the ability to emerge into a truly destination college experience given the location and size of the campus. The UCLA acquisition will allow the original vision for the project to thrive and grow. I am very excited to have played a part in bringing UCLA to my hometown, as it has been rare for the Peninsula to attract such a large user in the past.” 

“We are honored to work with UCLA in acquiring this special property along with playing a role in the university’s mission to grow its educational ecosystem. We are also glad to be part of a win-win transaction which, despite the circumstances, both parties are pleased with the outcome of the sale and in preserving the educational purpose of this site,” said Managing Director Kimberly Brown.  

Marymount California University, a private Catholic university, permanently closed operations at the campus earlier this year. The campus property is located at 30800 Palos Verdes Dr E and consists of 10 existing academic buildings totaling 92,268 of gross building area previously used for classroom, administrative and other campus functions. The sale also includes an 86-unit apartment complex spanning 18 buildings located at 1600 W Palos Verdes Dr N. Known as The Villas, the apartment complex is covenanted for education use that supplements the campus’ academic use. The property also features a pool, tennis courts, outdoor basketball courts, and several asphalt paved parking lots. 

Residing in the South Bay submarket of Southern California, the property is optimally located near West Los Angeles, the Los Angeles CBD, as well as Manhattan Beach, Redondo Beach, and Hermosa Beach.  The MCU site adds to existing spaces UCLA operates in downtown Los Angeles and elsewhere. UCLA Health also has more than 250 patient care facilities throughout the region. 

“UCLA has been a crucial nexus of education, research and public service within Los Angeles for more than 100 years,” said Chancellor Gene Block in a message to the UCLA community announcing the news. “As demand for our academic offerings continues to grow, this acquisition will allow us to expand student access in line with UC’s 2030 goals, strengthen our connections to the greater L.A. region, and deepen our institution’s research and public service impact.” 

UCLA and its Academic Senate will establish a task force of faculty members and administrators to study how best to utilize the property to advance institutional goals and expand access to education. In his message to the UCLA community, Block said that the site may host academic programs as soon as next year. 

“As an alumna of UCLA, it is a dream to partner with my alma mater to see the university’s positive expansion and continued growth with this strategic regional expansion,” expressed McKenna Gaskill, associate.  

For additional information, please refer to UCLA’s press release.  
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit

Interested in learning more?

Get in touch and we can assist with any additional information you need.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All