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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.

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The Business Journals

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Skims' Hollywood headquarters building sells for $105 million

The Class A building is fully leased, anchored by Skims’ headquarters, which moved to the Hollywood office last year.

1 day ago·United States

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The Billings Gazette

+10 Reposted by 10 other sources

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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…

1 day ago·Billings, United States

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Benzinga

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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…

1 day ago·New York, United States

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thefinancialanalyst.net

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

12 hours ago

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REBusinessOnline

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…

12 hours ago

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Connect CRE

Skims Headquarters in Hollywood Trades for $105M

Newmark arranged the $105-million sale of 1601 Vine, a Class A office building located in the Hollywood submarket of Los Angeles. The 115,589-square-foot building is 100% leased, anchored by Skims Body, Inc. Co-head of U.S. Capital Markets Kevin Shannon, executive vice chairman and head of International Capital Markets Alex Foshay, vice chairmen Ken White, Rob Hannan, Laura Stumm and Michael Moll, executive managing director Bill Bloodgood and d…

1 day ago

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