California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
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 director Alex Bergeson represented the seller, Snyder Vine, LLC. The buyer was Kingsbarn Realty Capital. Newmark co-president, Global Debt & Structured Finance Jonathan Firestone and director Henry Cassiday provided support on debt strategy and financing considerations throughout the transaction process.
“Capital is showing renewed conviction in high-quality, 2025-vintage office investments,” said Shannon. “Top-tier tenants like Skims are prioritizing best-in-class buildings, and contrarian investors are capitalizing on the opportunity to acquire premier office product below replacement cost with historically attractive cap rates.”
- ◦Sale/Acquisition
