Trophy Investors Snag 9900 Wilshire for $148M
Thursday, October 07
A high-profile piece of Beverly Hills commercial real estate that once housed the Robinsons-May department store has been acquired by an investor group from Hong Kong and Singapore for close to $148 million.The 8-acre property at 9900 Wilshire Blvd. was previously owned by Candy & Candy Inc.,...
Keep your eyes on the Cash-on-Cash; not just the Cap Rate Debate
Friday, September 17
Most Brokers (and some investors) focus narrowly on cap rates as they review acquisition candidates. With the recent cap rate compression, many buyers are understandably frustrated by the new postures of Sellers and their listing brokers with cap rates dropping 30-50 bps depending on the origina...