Thursday, March 1, 2012

Former CAA Annex Office Building Sold

A Beverly Hills office building previously sold by Former CAA chairman Michael Ovitz, former CAA CFO Bob Goldman, and other partners to Entertainment law firm Liner Grode Stein Yankelevitz Sunshine Regenstreif & Taylor Llp has been sold again, according to this article in the Hollywood Reporter.

 "The Gores Group, the Los Angeles-based firm of billionaire investor Alec Gores, has purchased a three-story office building at 9800 Wilshire Blvd. in Beverly Hills from entertainment law firm Liner Grode Stein Yankelevitz Sunshine Regenstreif & Taylor Llp. for $24.2 million. The deal closed Feb. 10, title records show."

The 40,000-square-foot building is adjacent to the former CAA headquarters and was used by the agency as an annex when it outgrew its main building next door. CAA moved from its I.M. Pei-designed 9830 Wilshire Blvd. headquarters to new Century City offices in 2007. Ovitz, Goldman and others still own the 9830 building, now occupied by Sony Music Entertainment, which signed a 10-year lease at the property in 2008.

Click here to read the entire Hollywood Reporter article, "Alec Gores Buys Showbiz Law Firm's Beverly Hills Building for $24 Million."

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