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Monday, May 23, 2022

M West Holdings Buys Cahuenga Plaza

M West Holdings said that it has acquired Cahuenga Plaza, a 73,150-square-foot office building near Toluca Lake.

Cahuenga Plaza, 4130 Cahuenga Blvd., is adjacent to NBC/Universal’s headquarters, several film studios, and the Universal Studios Theme Park. The complex is geared toward tenants in film and television production and post-production industries, with outdoor balconies, patios and scenic views from many offices. Terms of the deal were not disclosed.

“The investment is representative of the M West Holdings’ value-added office investment strategy, said President Karl Slovin in a statement. “Our end goal is a repositioning the property into a stabilized income-producing core asset.”

M West, which owns more than 30 properties, has hired Polaris Property Management to manage the property. Matthew Ziegler of Marcus and Millichap sourced and facilitated the transaction for M West and Malcolm Johnson of Bank of America provided the financing package.

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