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8687 Melrose Avenue

Updated Sep 22, 2026

Bilt advertisement
Carisa Janes Of Hourglass Cosmetics Signs Six-year Lease For 18,500 Square Feet In West Hollywood
LEASEDOffice

Carisa Janes Of Hourglass Cosmetics Signs Six-year Lease For 18,500 Square Feet In West Hollywood

8687 Melrose Avenue

Building Size

18,500 SF

Asset Type

Office

Closing

Sep 22, 2026

About this deal

AI

The asset involved in this transaction is an office space located at 8687 Melrose Avenue in West Hollywood, CA. The total square footage of the property is 18,500 square feet, and it is part of the Pacific Design Center’s Red Building.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Landlord: Charles Cohen - Cohen Brothers Realty
  • Tenant: Carisa Janes - Hourglass Cosmetics
  • Lease Terms: six-year

The deal sees Carisa Janes of Hourglass Cosmetics signing a lease for the specified office space. This lease is part of a broader agreement that includes seven leases totaling nearly 96,000 square feet within the same building. The Pacific Design Center’s Red Building is also home to various other tenants in the beauty, fashion, and technology sectors.

Players

Charles Cohen

Cohen Brothers Realty

Landlord

$1.1B

vol

26 deals

Landlord

Carisa Janes

Hourglass Cosmetics

Tenant
Tenant

West Hollywood Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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