Sizing Up Investment Opportunities: What Lies Ahead?
KIMC President & CIO Jonathan Needell on rethinking financial strategies and closing deals while navigating uncertainty and risk. Interview...
March 6, 2023
The former TV Guide building in Hollywood, California, is getting some upgrades as its new owners aim to boost occupancy at the 12-story, Class A office and retail property formerly owned by Hudson Pacific Properties.
Kairos Investment Management Co. has partnered with private real estate investment firm Harbor Associates on the acquisition of the 208,000-square-foot property at 6922 Hollywood Blvd., which closed in the fourth quarter for $96 million.
Since then, the building has kept its anchor office client, entertainment marketing and content production company The Trailer Park Group, which is leasing the top three floors.
Downstairs, retailers such as Cabo Wabo, The Coffee Bean & Tea Leaf, U.S. Bank and Wahlburger’s also have their doors open, with 37,000 square feet of retail space fully leased.
In addition to the office and retail space, 6922 Hollywood also includes an adjacent underground five-story parking garage, with nearly 500 spaces for both tenant and visitor use. Revenue from the garage faltered during the pandemic, but has already begun to return to pre-pandemic levels.
* The information contained herein is for general, informational purposes only and is not intended to constitute an offer to sell or buy any securities or other assets or promise to undertake or solicit business, and may not be relied upon in connection with any offer or sale of securities or other assets.
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Kairos Investment Management Company is an Equal Opportunity Employer and, as such, does not discriminate in employment on the basis of an applicant or employee’s race, ethnicity, ancestry, national origin, color, sex, pregnancy (or related medical conditions), childbirth, family status, gender, gender identity or gender expression, age, religion, marital status, sexual orientation, disability, medical condition, military or veteran status, reproductive health decision making, or any other protected classification or characteristic under applicable federal, state or local law. Kairos will not discriminate against an applicant or employee who has one or more protected classifications, is perceived or regarded as having one or more protected classifications, or is associated with someone who has one or more protected classifications.
Kairos Investment Management Company will also provide reasonable accommodations to applicants and employees who may need such accommodations in connection with employment with Kairos on the basis of their disability, religion, status as a victim of domestic violence or pregnancy. An applicant who needs an accommodation in order to pursue employment with Kairos should contact Human Resources at HR@KIMC.com to request such accommodations. Kairos will engage in a good faith interactive process with the applicant to explore accommodations that will be effective, reasonable and not create an undue hardship.
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