William Morris Agency’s iconic Beverly Hills headquarters — already in the process of being foreclosed on — has been put up for sale.
The company’s successor agency, WME, and Live Nation Entertainment are tenants at the three-building complex, known for its famed address: One William Morris Place.
Lender Brickman, a New York real estate investment firm, is selling the loan that owner Cape Horn Group took out to buy the property from WMA in 2008. WMA sold the property to Cape Horn, a Chilean company with offices in Miami, for $143 million. The 182,649-square-foot complex traded for $783 per square foot, among the highest per-foot prices ever paid for a Los Angeles-area office property. But the commercial real estate market has changed dramatically since then.
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