Kennedy-Wilson Pays $48M for North Hollywood Office Building
With 700+ real estate professionals coming you can't miss RealShare ORANGE COUNTY on August 18 in Irvine.
LOS ANGELES-Kennedy-Wilson Holdings Inc. has bought Academy Tower, a 175,012-square-foot office complex in North Hollywood. The Beverly Hills-based real estate investment and services firm paid $48 million for the office building located at 5200 Lankershim Blvd.
Academy Tower is situated in North Hollywood's NoHo Arts District. Bank of America Merrill Lynch provided $29 million in loan and the real estate company invested $19 million of equity to purchase the building, which is 97% leased to tenants such as IPPT, Starcom Worldwide and Endemol. For the full story, go to Los Angeles Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Find out the latest in the office sector at RealShare Conferences near you. Hear from prominent speakers and meet the commercial real estate elite. Check out the 2015 events in your market.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.