Development Site Trades at Edge of West Hollywood and Beverly Hills
A prime property at the edge of West Hollywood and Beverly Hills has sold for development. Located at 400-430 S. San Vicente Blvd. two blocks from the Beverly Center, the site has been occupied by a 17,228-square-foot retail center. Kidder Mathews EVP Janet Neman represented the owner, an LA-based private investor, in selling the 28,497-square-foot lot for land value to Oklahoma Rock Holdings and The Abraham Companies.
“Developments are trending due to the shortage of housing in Southern California,” said Neman. “This development will fulfill the strong demand for luxury residential units in one of the most desirable areas of Los Angeles.”
The buyers plan a luxury mixed-use development with 100-plus multifamily units and ground-level retail and restaurant space. “This is an exciting opportunity to address the city’s housing needs with a thoughtfully designed project that will be compatible with the surrounding neighborhood,” said J.J. Abraham, president of The Abraham Companies
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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