Law360, New York (November 29, 2011, 12:30 PM ET) -- 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,”...
Hudson Pacific Buys CIM's Hollywood HQ For $93M
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