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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.
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