Skanska USA Acquires Development Site In Beverly Hills For $16M

Amir Dar, Isaac Gabai, and Adam Emrani have sold a development site located at 8633 Wilshire Blvd. in Beverly Hills. The property, which spans approximately 44,000 square feet, was purchased by SkanskaUSA for a total price of $16,000,000. The per square foot price for the property was $363.

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $16,000,000
• Address: 8633 Wilshire Blvd.
• Market: Beverly Hills
• Buyer: SkanskaUSA
• Sellers:
  • Amir Dar - Enzo Equities
  • Isaac Gabai - IAG Capital
  • Adam Emrani - Lucent Capital
• BSF: 44,000
• PPBSF: $363

The sellers of the property were represented by their respective brokers: Amir Dar - Enzo Equities, Isaac Gabai - IAG Capital, and Adam Emrani - Lucent Capital.