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

The office asset located at 1601 Vine Street in Hollywood has been sold for $105 million. The property spans 116,000 square feet and is fully leased to Skims, a clothing and shapewear brand owned by Kim Kardashian. This asset represents a significant transaction in the real estate market for Hollywood in 2025, with a price per square foot of $905. The building was previously occupied by WeWork, which terminated its lease following bankruptcy, leaving the property vacant until its recent acquisition.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $105,000,000
• Address: 1601 Vine Street
• Market: Hollywood
• Square Footage: 116,000
• Price Per Square Foot: $905
• Buyer: Jeff Pori - Kingsbarn Realty Capital
• Seller: Snyder Vine
• 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
• Tenant: Kim Kardashian, Jens Grede - Skims

This transaction is facilitated by a group of brokers from Newmark, responsible for orchestrating the sale process and ensuring that all legal requirements were met. The deal highlights the involvement of multiple key players in the commercial real estate sector, exemplifying collaborative efforts in high-profile transactions.