'Just Cause: Scorpion Rising' Gaming Adaptation Taps Author (Exclusive)

William Morris Agency's legendary Beverly Hillsides headquarters continues to be offered for $47.8 million. La-based property investor CIM Group bought the 2-building property at 150 and 151 El Camino Drive from Brickman, a NY investment firm.our editor recommendsEXCLUSIVE: Auction for William Morris Headquarters Known as OffEXCLUSIVE: William Morris Headquarters available The 3-story, 116,000-square-feet complex can be found on a lot more than an acre and houses some offices of WME, the successor agency to William Morris. The 12 ,. 9 deal stops working to $412 per sq . ft . -- considered an industry-rate transaction for any Class An industrial property in Beverly Hillsides. The structures is one block in the city's Rodeo Drive shopping area and near WME's 9601 Wilshire Blvd. headquarters, that the agency has occupied since April 2009. "You're one block from the Golden Triangular, among the best marketplaces in La, which draws in lots of entertainment-related clients," saidBob Safai of real estate brokerage Madison Partners, who symbolized Brickman within the deal. In September 2008, William Morris offered the 2 structures and the other at 150 S. Rodeo Drive to investor Cape Horn Group for $143 million, or $783 per sq . ft .. Despite the standard from the resource, the cost compensated through the Chilean company was considered high. Brickman, that was Cape Horn's loan provider around the deal, later acquired the qualities from the organization using a deed instead of foreclosures transaction. Brickman offered the Rodeo property to La-based investment firm Douglas Emmett Corporation. in April for $42 million. As the 151 El Camino Drive building is vacant, the 150 building is fully occupied. WME houses its music division in a lot of that building the organization intends to re-locate from the space, though there's no timetable for vacating it. During the time of the September 2008 property purchase, William Morris stated it might remain at the El Camino property until a brand new Beverly Drive building it planned to occupy was complete. However, the company's 2009 merger with Endeavor transformed individuals plans. WME backed from a lease agreement to occupy the brand new building, built by NY-based real estate firm George Comfort & Sons. MGM has become slated to maneuver in to the 235-269 N. Beverly Drive building, though WME's dispute using the developerwas the topic of an arbitration. THR reported in This summer that WME has become a huge hit an arbitrator's ruling that George Comfort violated its lease using the agency by allowingGersh, a competitor, to maneuver to a different Comfort-possessed building across the street from the suggested WME site, but this breach wasn't material enough to warrant WME walking on the lease. Caused by WME's appeal is not published, which is unclearwhat damages WME be forced to pay towards the developer, if any. CIM Group rejected to comment. Brickman didn't react to emails seeking comment. Email: Daniel.Burns@THR.com Twitter: @DanielNMiller Related Subjects Property