Hollywood Office Tower Sold To Hudson Pacific For $92.5M (L.A. TIMES)
A prominent Hollywood office building has been sold to a local real estate investment company for $92.5 million.
Hudson Pacific Properties Inc., which owns several entertainment-related properties, bought the 12-story TV Guide Hollywood Center at 6922 Hollywood Blvd. from CIM Group Inc.
The building across the boulevard from Grauman’s Chinese Theatre is CIM Group’s headquarters and houses businesses including movie trailer and entertainment marketing company Trailer Park Inc. and J2 Global Communications, owner of the eFax and KeepItSafe brands.
The building was completed in 1967 and renovated by CIM Group in the mid-2000s. It is Hudson Pacific’s fourth property in Hollywood and seventh acquisition in the last 12 months, Chief Executive Victor Coleman said.
Hudson Pacific also owns Sunset Bronson Studios, Sunset Gower Studios and the Technicolor Building in Hollywood.
Posted on 12/05/2011 at 12:00 AM
