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LaTerra Development Acquires 7 Acres in Burbank

Buyer Plans New Mixed-Use Development
(File Photo/iStock)
(File Photo/iStock)
By Blake McLean
June 12, 2020 | 6:58 P.M.

LaTerra Development acquired 7.25 acres at 777 N. Front St. in Burbank, California, where it plans to construct a new mixed-use development. A private trust sold the previously developed land for $40 million, or about $5.52 million per acre, in an all-cash transaction.

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