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Downtown Burbank, California, Apartment Sale Shows Demand Reaching New Levels

The $161 Million Deal Is the Highest Price Paid on Record for a Burbank Apartment in Years

The $161 million sale of Empire Landing was the top property transaction in Burbank in the past four years in terms of total price. (CoStar)
The $161 million sale of Empire Landing was the top property transaction in Burbank in the past four years in terms of total price. (CoStar)

An apartment complex has sold for a record price in Burbank, California, northwest of downtown Los Angeles, as the owners hope to cater to employees of some of the biggest names in entertainment.

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