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Jordan Kaplan Of Douglas Emmett Acquires Murdock Plaza Office In Los Angeles For $131.1M

Property Image
SOLD
$131,100,000

California

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Office243,040 SF
Sold 01/27/2025
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Property Image
SOLD

Jordan Kaplan Of Douglas Emmett Acquires Murdock Plaza Office In Los Angeles For $131.1M

10900 Wilshire Boulevard

See Similar Deals
Office243,040 SF
Sold 01/27/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$539
Total Square Footage:243,040 SF
Transaction Type:Sale

The office property located at 10900 Wilshire Boulevard in Los Angeles includes a 17-story structure called Murdock Plaza. It was sold for $131,100,000, translating to $539 per square foot. The total square footage of the asset is 243,040. The property was previously owned by Tishman Speyer and is anchored by the Wasserman Group.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $131,100,000
  • Buyer: Jordan Kaplan - Douglas Emmett
  • Seller: Rob Speyer - Tishman Speyer
  • Broker: Eastdil Secured
  • Loan Amount: $61,800,000
  • Debt Avoidance: Tishman Speyer avoided default on $122,700,000 debt

The acquisition was made through a deed-in-lieu of foreclosure. The deal was structured with financing from Blackstone, facilitating the transfer and management of existing debts associated with the property.

Players

Eastdil Secured
Eastdil Secured
BROKERAGE

Details

SOLD
IMAGE: Jordan Kaplan & Rob Speyer DATE: 01/27/2025 ADDRESS: 10900 Wilshire Boulevard MARKET: Los Angeles ASSET TYPE: Office BUYER: Jordan Kaplan - Douglas Emmett SELLER: Rob Speyer - Tishman Speyer (@TishmanSpeyer) BROKER: Eastdil Secured (@EastdilSecured) SALE PRICE: $131,100,000 SF: 243,040 ~ PPSF: $539 NOTE: Douglas Emmett acquired the 17-story Murdock Plaza in Westwood from Tishman Speyer through a deed-in-lieu of foreclosure for $131.1M, or $539 per square foot. The 243,040-sq.-ft. office tower, anchored by Wasserman Group, was financed with a $61.8M loan from Blackstone, which helped Tishman avoid default on its $122.7M debt.

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