Hudson Pacific Buys CIM's Hollywood HQ For $93M

Law360, New York (November 29, 2011, 12:30 PM EST) -- Office property manager Hudson Pacific Properties Inc. purchased the 12-story Los Angeles headquarters of CIM Group for $93 million in a deal that includes the assumption of $42 million in CIM debt, the buyer said Monday.

The agreement leaves acquisition-hungry Hudson Pacific in control of the gleaming and fully rented building, 6922 Hollywood Boulevard, whose 206,000 square feet are leased to a high-quality group of media, entertainment and retail tenants, the buyer said.

“We are excited to add this highly regarded property to our growing portfolio,”...
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