Michael Shvo & Serdar Bilgili Acquire Development Site On Wilshire Blvd In Beverly Hills For $130M

A development site located at 9200 Wilshire Blvd in Beverly Hills has been sold. The property was purchased by Michael Shvo and Serdar Bilgili from New Pacific Realty Corp. The transaction was facilitated by Lotus Capital Partners. The sale price for the development site was $130 million.

Summary of transaction details:

• Property Type: Development site
• Transaction Amount: $130 million
• Date: 05/08/2019
• Address: 9200 Wilshire Blvd
• Market: Beverly Hills

Michael Shvo and Serdar Bilgili were the buyers of the property, while the seller was New Pacific Realty Corp. Lotus Capital Partners acted as the broker in this deal. The development site has a total square footage of 300,000. The price per square foot for the property is $422.