CIM Finalizes Sale of Hollywood HQ to Hudson Pacific

CIM Group completed its trade of 6922 Hollywood Blvd., a 205,522-square-foot office building in Hollywood, CA, to Hudson Pacific Properties Inc. (NYSE:HPP) for $ 92.5 million or $ 450 per square foot. The price is before closing costs and prorations and includes the assumption of an existing $ 42.2 million mortgage.

Commonly known as the TV Guide Hollywood Center, the 12-story structure is fully leased to a mix of media and entertainment tenants including…
National Commercial Real Estate News From CoStar Group