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Broadway Theater Sells - Los Angeles Downtown News - For Everything Downtown L.A.!: News

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Broadway Theater Sells

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Posted: Friday, October 14, 2011 1:39 pm

DOWNTOWN LOS ANGELES - A former Broadway movie palace has changed hands. This month, the 1,600-seat United Artists Theater, at 933 S. Broadway, was sold for $11 million, said Pat Lile, a real estate agent with Coldwell Banker, who represented the seller in the deal.

Lile would not identify the buyer or the future plans for the theater, but blogger Brigham Yen, who first reported the sale, named Norwalk, Connecticut-based real estate firm Greenfield Partners as the purchaser. The Broadway landmark had long been owned by the University Cathedral, a congregation made famous by its late founding pastor, Dr. Gene Scott. The church has maintained the building, which was built in 1927 by United Artists founders D.W. Griffith, Charlie Chaplin, Douglas Fairbanks and Mary Pickford. Activating the theaters on Broadway has been a key goal of 14th District Councilman José Huizar's Bringing Back Broadway initiative. Jessica Wethington McLean, executive director of Bringing Back Broadway, said she was not at liberty to discuss details of the sale, but said the office is working with the new owners.

©Los Angeles Downtown News.

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