Newmark Arranges $105 Million Sale of Skims Headquarters Office Building in Hollywood, California - Newmark Group (NASDAQ:NMRK)
- Newmark announced the $105 million sale of 1601 Vine on April 2, 2025, in Los Angeles.
- The sale occurs amid renewed capital conviction for high-quality office investments.
- The 115,589-square-foot Class A office building is 100% leased and anchored by Skims.
- Laura Stumm stated Skims' lease shows a return-to-office trend and in-person work is key.
- Kingsbarn Realty Capital acquired the property, which was renovated in 2024 for Skims.
20 Articles
20 Articles

Newmark Arranges $105 Million Sale of Skims Headquarters Office Building in Hollywood, California
LOS ANGELES, April 2, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers announces the Company has…
Newmark Arranges $105 Million Sale of Skims Headquarters Office Building in Hollywood, California - Newmark Group (NASDAQ:NMRK)
LOS ANGELES, April 2, 2025 /PRNewswire/ -- Newmark Group, Inc. (NASDAQ:NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers announces the Company has arranged the $105 million sale of 1601 Vine, a premier Class A office building located in the Hollywood submarket of Los Angeles. The 115,589-square foot building is 10…
Kingsbarn Realty Capital Buys Hollywood Office Building for $105 Million
The property is 100% leased as the corporate headquarters for Skims Body Inc. Continue Reading Kingsbarn Realty Capital Buys Hollywood Office Building for $105 Million The post Kingsbarn Realty Capital Buys Hollywood Office Building for $105 Million appeared first on Weekly Real Estate News.
Kingsbarn Secures Skims HQ in LA Office Market Revival
Kingsbarn Realty Capital has finally secured its long-awaited acquisition of 1601 Vine Street, a prime Los Angeles property that serves as the corporate headquarters for Skims Body, Inc. The deal, initially planned for March 2023, was delayed due to unstable capital markets. However, Kingsbarn’s persistence paid off, and the company completed the purchase earlier this week… Source
Kingsbarn Acquires Eight-Story Office Property Along Hollywood’s Walk of Fame
LOS ANGELES — Kingsbarn Realty Capital has purchased 1601 Vine Street, an office building in Los Angeles’ Hollywood submarket, for an undisclosed price. Developed by J.H. Synder Co. and designed by Ware Malcomb, the eight-story building offers 115,000 square feet of office space and five levels of underground parking. Skims Body Inc., an American shapewear and clothing brand, has occupied the building as its corporate headquarters since mid-2023…
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