Newmark Completes Sale of Hollywood Office and Mixed-Use Portfolio

August 11, 2025 12:00 PM

Newmark announces the company has arranged the sale of 7060 Hollywood Boulevard and 7107 Hollywood Boulevard, both located in Los Angeles’ Hollywood submarket. The properties sold for an undisclosed amount.

Newmark Co-Head of Capital Markets Kevin Shannon, Vice Chairmen Rob Hannan, Ken White, Laura Stumm and Michael Moll represented the undisclosed seller in the transaction. Newmark Executive Vice Chairman Kevin Donner also assisted in the sale. The buyer was undisclosed.

7060 Hollywood Boulevard is a 12-story, 177,359-square-foot office building, while 7107 Hollywood Boulevard is a 20,620 square-foot mixed-use building situated on approximately two acres of land.

7060 Hollywood Boulevard is located just off of the southeast corner of Hollywood Boulevard and La Brea Avenue. The property was largely occupied by Live Nation for the better part of the last fifteen years and is currently anchored by Buffalo Wild Wings on the ground floor. 7107 Hollywood Boulevard is located on the northwest corner same intersection at Hollywood Boulevard and La Brea Avenue. The building enjoys LAR3 zoning, allowing for multifamily development.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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