Newmark Group, a commercial real estate advisor and service provider to large institutional investors, global corporations and other owners and occupiers, announced the company has arranged the $105 million sale of 1601 Vine, a premier class A office building located in the Hollywood submarket of Los Angeles. The 115,589-square foot building is 100 percent leased, anchored by Skims Body.
Newmark represented the seller, Snyder Vine. The buyer was Kingsbarn Realty Capital. Newmark also provided support on debt strategy and financing considerations throughout the transaction process.
Delivered in 2017 by JH Snyder Co., the property was extensively renovated in 2024 for Skims. The property features high-volume ceilings, a limestone lobby with terrazzo flooring, floor-to-ceiling windows offering panoramic views of Hollywood, high-impact executive suites, and on-site photography studios.
1601 Vine is located along the Hollywood Walk of Fame, in the heart of the entert
