CIM Group has sold SEVENTY46, a 1920s neo-Gothic style, eight-story Hollywood Boulevard apartment building to Kambiz Hakim, a private real estate investor and developer, along with his two sons Alexander and Steven.
CIM acquired the former office building, which is listed in the National Register of Historic Places, in 2004 and completed an extensive restoration and repositioning in 2007 creating loft-style apartments and an improved 6,400 sqm of ground floor retail.
SEVENTY46, previously called the Hollywood Professional Building, housed Ronald Reagan’s eighth floor office.
