Topics

Wells Fargo
Dunn brothers' Wilshire building acquired by Beverly Hills investors
Dunn brothers' Wilshire building acquired by Beverly Hills investors

A Wilshire Boulevard office building erected by one of Los Angeles’ oldest real estate companies has been sold to a Beverly Hills investment fund in an off-market transaction. The eight-story building just west of downtown at 1200 Wilshire was built 44 years ago to house the Charles Dunn Co., a commercial real estate firm established in 1921. The property, situated on an acre of land across Wilshire from Good Samaritan Hospital, has 92,000 square feet of rentable space. Terms of the sale were not disclosed, but real estate experts familiar with the downtown office market valued the deal at about $20 million. The building was purchased by Sharp Capital, a family investment fund...

Loading