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Tishman Speyer Buys CNN Building In Hollywood

Tishman Speyer Buys CNN Building In Hollywood

Tishman Speyer has agreed to buy the CNN Building at 6430 Sunset Blvd in Hollywood for more than $127M.

The deal had reportedly been in play for months. Palo Alto's Broadreach Capital Partners, which bought the 204k SF Class-A office building for $50M in 2006, sold it for more than $600/SF, according to The Real Deal.

Tishman, which plans to renovate the building, will co-lease the property with Madison Partners. The building is reportedly 84% occupied. [TRD