Jeff Pori Of Kingsbarn Realty Capital Acquires Office Building In Hollywood For $105M

The property asset involved in this transaction is an office building located at 1601 Vine Street in Los Angeles. The building encompasses a total area of 116,000 square feet and was acquired for a transaction amount of $105,000,000, resulting in a price per square foot of $905.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $105,000,000
• Address: 1601 Vine Street
• Market: Los Angeles
• Buyer: Jeff Pori - Kingsbarn Realty Capital
• Seller: Snyder Vine LLC
• Brokers: Alex Bergeson, Alex Foshay , Ken White, Kevin Shannon, Laura Stumm , Michael Moll, Rob Hannan & Bill Bloodgood - Newmark
• Mortgage Brokers: Henry Cassiday & Jonathan Firestone - Newmark
• Square Footage: 116,000
• Price per Square Foot: $905

The deal involved notable individuals including Jeff Pori representing Kingsbarn Realty Capital, and Snyder Vine LLC as the seller. The brokerage team from Newmark played a significant role in the sale process, with multiple representatives contributing their expertise to facilitate the transaction.