Updated Mar 16, 2026
Peter Slavin Of Cedars-Sinai Acquires Beverly Connection Mall From Ben Ashkenazy For $270M
100 North La Cienega Boulevard
$270,000,000
$794/SF
Building Size
340,000 SF
Asset Type
Retail
Closing
Mar 13, 2026
About this deal
AI
The retail asset involved in this transaction is the Beverly Connection mall located at 100 North La Cienega Boulevard in Los Angeles. The property encompasses 340,000 square feet and has a sale price of $270,000,000, translating to a price per square foot of $794.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $270,000,000
- Buyer: Peter Slavin - Cedars-Sinai
- Seller: Ben Ashkenazy - Ashkenazy Acquisition
- Square Footage: 340,000
- Price per Square Foot: $794
- Date of Sale: 03/13/2026
- Market: Los Angeles
Peter Slavin represents Cedars-Sinai in the acquisition of the property from Ben Ashkenazy, who represents Ashkenazy Acquisition in the sale. Notably, the transaction concluded after a series of valuation disputes and CMBS servicing issues, while Ashkenazy continues to expand his retail holdings in Beverly Hills.
On the Map
$270,000,000
$794/SF
Retail
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Players
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93