facebook

traded

+ Submit
Home

/

Deals

/

California

/

Retail

/

Sale

/

100 North La Cienega Boulevard

Peter Slavin Of Cedars-Sinai Acquires Beverly Connection Mall From Ben Ashkenazy For $270M
SOLDRetail

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

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.

Players

Peter Slavin

Cedars-Sinai Medical Center

Buyer

$270M

vol

1 deal

Buyer

Ben Ashkenazy

Ashkenazy Acquisition

Seller

$721.3M

vol

16 deals

Seller

Los Angeles Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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