The property asset involved in the transaction is located at 9700 Wilshire Boulevard in Beverly Hills, known for its presence in the luxury shopping district. The asset is categorized as retail and encompasses the Neiman Marcus site spanning two blocks, significantly contributing to the buyer's extensive retail portfolio in the area.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Address: 9700 Wilshire Boulevard
• Market: Beverly Hills
• Buyer: Ben Ashkenazy - Ashkenazy Acquisition
• Total retail portfolio in Beverly Hills: 350,000 sq. ft.
• Ashkenazy’s overall portfolio: over 100 buildings valued at $12 billion
• Recent fundraising for U.S. commercial properties: $750 million

In this transaction, Ben Ashkenazy, representing Ashkenazy Acquisition Corporation, strategically expands his company's holdings in Beverly Hills. The acquisition aligns with his firm’s efforts to enhance its presence in high-value retail locations, continuing to build on his impressive portfolio.