News
Tishman Speyer Buys CNN Building In Hollywood
February 15, 2016
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]
