By Kate Snyder, The Registry — May 23, 2023
LS Power Grid California paid $56.5 million in cash for the 9.8-acre site at Coleman Avenue and Santa Teresa Street that had been planned as Rail Yard Place. The land was originally acquired from Union Pacific in 2015 for $7.8 million, a more than seven-fold increase in value over the eight-year hold.
Marwood Company was the owner, controlling party and majority capital partner in this project; Insight Realty Company served as Marwood’s development and operating team.
