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CBRE Closes Sale of Apartments Along Wilshire’s “Golden Mile”
CBRE and Carolwood Estates brokered the sale of Utama Royale, a luxury 18-unit multifamily building located at 10351 Wilshire Blvd. between Beverly Hills and Westwood. The property along Wilshire Boulevard’s “Golden Mile” was acquired by Sean Daneshgar for $28 million.
EVP Laurie Lustig-Bower and first VP Kamran Paydar of CBRE and Carolwood Estates’ estates director, Barbara Duskin, represented the seller, Devonshire Delaware, Inc.
“A true trophy asset, Utama Royale is an elegant and distinctive residential building that offers an exceptional investment opportunity with tremendous upside,” said Lustig-Bower. “The building’s premier location, spacious units, and amenities make it one of the most desirable residences in Southern California.”
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- ◦Sale/Acquisition
