WESTWOOD—On August 3, news began circulating of the July 10 purchase of 16 properties in Westwood Village. Regents of UCLA have purchased the 181,855 square foot retail property for $49.5 million from Anderson Real Estate. This is 2.6 acres south of UCLA, adjacent to UCLA’s Westwood campus, situated along Westwood Boulevard, Kinross Avenue, Gayley Avenue, and Lindbrook Drive. The newly purchased properties include a 64,491 square foot building located 1000-1010 Westwood Boulevard for $5.8 million ($89 per square foot) and the renovated Kinross Cornerstone located at 10910 Kinross Avenue. Regents UCLA have not announced specific plans for the newly acquired property.