REBusiness Online The Alvern Co. has sold a seven-acre development site at 1925 and 1936 East Vernon Ave. in Vernon, Calif., for $61.5 million. The Los Angeles company was represented by CBRE in the deal with an unnamed buyer. The site, which is three miles south of Los Angeles, was being marketed for industrial redevelopment. […]

The post L.A.-Area Industrial Development Site Sells for $61.5Mln appeared first on Commercial Real Estate Direct.