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AECOM, Mack Urban announce $80M property acquisition in Los Angeles

Mack Urban and AECOM Capital, the investment fund of AECOM Technology announced the acquisition of six acres of land in downtown Los Angeles’ South Park district for more than $80M, located in the central business district. The seller was EVOQ Properties. The project is currently in the planning and design phase, and is being prepared for the entitlement process, with the initial groundbreaking expected in late 2014 and completion of final phases slated for 2024.