Allen Matkins Aids Kilroy In $79M Grab Of Hollywood Office

Law360, New York (August 1, 2012, 4:51 PM EDT) -- Kilroy Realty Corp. is continuing its California buying spree, closing on a Class A office building in Hollywood that is home to several media and entertainment companies for $79 million, the private equity-backed company announced Tuesday.

The deal includes the assumption of a $54 million mortgage note due in 2016 and takes into account some financial credits, according to Carey P. Levy, president of real estate firm Passco Companies Development LLC, which managed the asset for about 34 individual investors in a tenancy-in-common arrangement.

"The area...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.