Elie Samaha And Partners Acquire Dolby Theatre In Hollywood From CalPERS For $50 Million

The property asset involved in the transaction is a commercial real estate located at 6801 Hollywood Boulevard in the Hollywood market. It spans 1.45 acres and consists of a 180,000-square-foot facility. The property was sold for $50,000,000, translating to a price per square foot of $278.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $50,000,000
• Address: 6801 Hollywood Boulevard
• Market: Hollywood
• Asset Size: 1.45 acres
• Square Footage: 180,000
• Price Per Square Foot: $278
• Buyer: Elie Samaha - JEBS Hollywood Entertainment LLC; Sherwin Jarol - SMB Equities, LLC; Jeff Sagansky - Eagle Equity Partners; Jonah Lazowski - LAZ Investments; Two Girls Holdings, LLC; Sheikh Abdulla Bin Mohamed Al Qasimi - Master Investment Group
• Seller: California Public Employees’ Retirement System (CalPERS)
• Buyer’s Representative: Christopher Bonbright - Avison Young
• Seller’s Representatives: Carl Muhlstein - Muhlstein CRE; Peter Hajimihalis & Will Poulsen - JLL
• Lender: Castellan Real Estate Partners
• Mortgage Brokers: Antonio Hachem, Cornelius Baliukonis & Wendy Wang - Slatt Capital

This transaction involved key figures from multiple organizations. Elie Samaha, a producer known for films like The Boondock Saints, led the acquisition effort for JEBS Hollywood Entertainment. The Dolby Theatre, which has hosted the Oscars for the last 20 years, was initially listed for sale at around $70 million before the finalized sale price of $50 million. The seller, California Public Employees’ Retirement System, was represented by a team from Muhlstein CRE and JLL, while the financing was facilitated by Castellan Real Estate Partners through mortgage brokers from Slatt Capital.