Updated: Friday, July 20, 2016, 10:50 a.m.: The master-planned walkable community of Playa Vista is about to get a whole lot of cars — and possibly a hotel or residential tower.

Car dealership mogul Hooman Nissani acquired an 8.5-acre site just outside of the planned area boundaries in Google territory for roughly $83 million in a deal that closed Thursday, The Real Deal has exclusively learned. The seller was Beverly Hills-based Black Equities Group. Read complete story: https://hooman-nissani.com/hooman-nissani-buys-8-5-acres-in-playa-vista-for-83m-plans-massive-mixed-use-project-therealdeal-com/