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California  + Los Angeles  + Hospitality  | 

One Beverly Hills Lines Up $4.3B Financing to Complete Development

One Beverly Hills, featuring Aman Beverly Hills and The Beverly Hilton, has secured a $4.3 billion-financing to complete its development of a mixed-use urban destination and residential enclave. The financing, led by J.P. Morgan and VICI Properties Inc., is among the largest of its kind in the last decade.

Spanning 17.5 acres, the development, sponsored by Cain in partnership with Eldridge Industries, will connect a refurbished Beverly Hilton – home of the Golden Globes and the Milken Global Conference – and Waldorf Astoria Beverly Hills, as well as provide 1,800 underground parking spaces.

“This transaction is indicative of the confidence the market has in our vision for One Beverly Hills,” said Jonathan Goldstein, co-founder and CEO of Cain. “The demand we are seeing from residential buyers and global brands speaks to the rarity of this project, the strength of our hospitality partners and the enduring appeal of the Beverly Hills market.”

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Cain's Goldstein

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).

  • ◦Development
  • ◦Financing
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