Reports Peg Dalian Wanda’s Sale of One Beverly Hills at $420M
February 22, 2019
Reports Peg Dalian Wanda’s Sale of One Beverly Hills at $420M
November 16, 2018
One Beverly Hills may finally have a new owner. Chinese conglomerate Dalian Wanda Group has sold the property to London-based Cain International and Beverly Hills-based Alagem Capital Group.
The buyers have reportedly agreed to pay $420 million for the property at 9900 Wilshire Blvd., according to the Wall Street Journal, which cited a source familiar with the matter. Wanda put the property up for sale earlier this year.
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INSIGHT: Coronavirus Challenges Facing Commercial Property Owners
March 26, 2020
Amid the impacts of supply and demand shocks, social distancing, quarantines, and event cancellations, they must remain responsive to the needs of employees, lenders, tenants, and customers, all of whom are feeling the pandemic’s effects.
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