Eric Schmidt Acquires Paul Allen's Beverly Hills Development Site For $64.9M

An undisclosed development site located in Beverly Hills has been sold for a whopping sale price of $64,900,000. The property, spanning an impressive 120 acres, offers immense potential for future development.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $64,900,000
• Date of Transaction: 01/13/2022
• Market: Beverly Hills
• Seller: Estate of Paul Allen
• Buyer: Eric Schmidt - Google
• Brokers: Jeff Hyland, Rick Hilton & Zach Goldsmith - Hilton & Hyland & @JesseLally

Eric Schmidt, the former CEO of Google, has acquired the property from the Estate of Paul Allen. This significant transaction was facilitated by brokers Jeff Hyland, Rick Hilton, Zach Goldsmith, and @JesseLally from Hilton & Hyland. The acquisition of this expansive development site will surely prove to be an exciting venture for Eric Schmidt as he explores its potential future possibilities.