Hollywood Moon Development Acquires Development Site In Hollywood For $15.5M

A development site located at 901 S Ocean Dr in Hollywood has been sold for $15,500,000. This property spans 54,041 square feet, resulting in a price per square foot of $287. The transaction took place on August 10, 2022.

Summary of Transaction Details:

• Property Type: Development Site
• Transaction Amount: $15,500,000
• Address: 901 S Ocean Dr, Hollywood
• Market: Hollywood
• Buyer: Hollywood Moon Development - Ulvi Mammadov
• Seller: GSK Hollywood Development Group - Manuel Grosskopf
• Brokers: Greg Matus, Adam J. Tiktin & Alex Lazo - Franklin Street
• Square Footage: 54,041
• Price Per Square Foot: $287

The buyer of this development site is Hollywood Moon Development, represented by Ulvi Mammadov. The seller is GSK Hollywood Development Group, represented by Manuel Grosskopf. The deal was facilitated by the brokers Greg Matus, Adam J. Tiktin, and Alex Lazo from Franklin Street.