CBRE Sells West Hollywood Retail Property for $13 Million
CBRE has announced the sale of The Shops at Hancock Lofts, a 10,513-square-foot retail condo property located at 8759, 8761, and 8763 Santa Monica Boulevard in West Hollywood, California. The asset sold for $13 million to Goodyear Investments, LLC – a private investor that completed the sale to satisfy a 1031-exchange. Goodyear Investments, LLC was represented by Pegasus Investments on both the acquisition and debt origination.CBRE’s Patrick Wade and Alex Kozakov represented the seller and institutional owner in the transaction.The Shops at Hancock Lofts is fully leased to a strong...