Vanbarton buys WeWork-anchored LA building from CIM: sources

From TRD LA: Vanbarton Group acquired a WeWork-anchored building on the Hollywood Walk of Fame in an off-market deal with CIM Group that closed Friday, The Real Deal has learned. The New York-based investor bought the six-story building at 7083 Hollywood Boulevard for $42 million, according to sources with knowledge of the deal. That equates to just under $500 per square foot for the 85,000-square-foot property, which was WeWork’s first Los Angeles location. JLL’s Tom […]

Source: Real Estate

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