Morguard Corp. Acquires 40% Interest In Mixed-Use Property In Hollywood For $79.4M

The mixed-use property located at 1522 North Gordon Street in Hollywood has been sold in a transaction that involved a 40% interest. The sale took place on February 4, 2022. The property was sold by CIM Group to Morguard Corp., with K. Rai Sahi representing Morguard Corp. as their broker in the deal. The buyer's representative was K. Rai Sahi, the CEO of Morguard Corp.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $79,400,000
• Address: 1522 North Gordon Street
• Market: Hollywood
• Buyer: Morguard Corp. - K. Rai Sahi
• Seller: CIM Group
• Value: $127,000,000

The transaction involved the sale of a 40% interest in the mixed-use property. Morguard Corp., represented by K. Rai Sahi, purchased the interest from CIM Group. The sale price for the transaction was $79,400,000. The property has a market value of $127,000,000.