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StarPoint Snags Beverly Hills Building for $193M
Beverly Hills-based StarPoint Properties purchased a 12-story office building in Beverly Hills from its original owner for $193 million. The purchase of 433 N. Camden Dr. is a rarity for the “Golden Triangle” submarket, where low vacancy rates and high average rents among only 16 Class A office properties produce few ownership changes.
Built in 1972, and known as the Wells Fargo Building, the 207,432-square-foot property hasn’t been renovated in 15 years and falls 25% below the market’s average rent. StarPoint plans to modernize indoor and outdoor spaces, update existing office spaces and provide amenities.
StarPoint Properties’ Paul Daneshrad says, “For years, I’ve had a visual reminder of the enormous potential value of the building’s size and high-demand luxury location. I’ve also understood the long-term investment needed to reach that potential. Our plans will truly transform the property and create a fresh experience for both tenants and the public.”
Madison Partners’ Bob Safai handled the sale.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


