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California  + Los Angeles  + Office  | 

Fashion Nova Acquires New Beverly Hills Headquarters from Tishman Speyer

(Updated with additional information)

Retailer Fashion Nova has acquired a Beverly Hills office campus which will serve as its new global headquarters. The 175,000-square-foot building at 407 N. Maple Dr. was purchased off-market by founder & CEO Richard Saghian from Tishman Speyer for $118 million in an all-cash transaction. Cushman & Wakefield’s Mike Condon Jr, Erica Finck, Reid Gratsch and Kylie Rawn represented Fashion Nova.

In addition to providing newly designed ergonomic office spaces for 500-plus corporate employees, Fashion Nova HQ will debut Nova Social Club, an invitation-only collaborative space for creators, influencers, celebrities, and VIP guests. It will also house Nova Founders Lab, an
incubator-accelerator.

407 N. Maple Dr. marks Saghian’s third significant real estate purchase in Greater Los Angeles
within the past two years. In early 2023, Saghian acquired the Fashion Nova Malibu Beach House,
a 6,125-square-foot property on Carbon Beach, and in March 2022, he purchased The One in
Bel Air, a 105,000-square-foot mansion listed as the largest home in the U.S.

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Inside The Story

Tishman Speyer

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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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