hollywood office building sets record at $4.1 million
July 13, 2018
A 4,300-square-foot office building at 6507-6509 De Longpre Ave. in Hollywood has sold for $4.1 million, or about $949 per square foot, in what is believed to be a per-square-footage price record in that office submarket.
Arup will leave its offices near Marina del Rey for three floors in Wilshire Grand, a 73-story tower completed last year that houses an InterContinental hotel and offices for rent. The engineering firm agreed to occupy 66,000 square feet in a 15-year lease valued at $57 million.
The Anti-Recidivism Coalition (ARC), a support network for formerly incarcerated young men and women, and advocate for fairer criminal justice policies, has expanded into 12,633 square feet of creative office space at ROW DTLA.