Real Estate

Beverly Hills Office Sells for $205 Million, More Than Double Its 2005 Price

Maple PlazaSource: Tishman Speyer

Tishman Speyer sold a Beverly Hills office building to Kilroy Realty Corp. for about $205 million, more than double the price it paid for the property two decades ago.

The sale of Maple Plaza for $707 a square foot is high compared with other transactions in the Los Angeles area, where vacancy rates have stayed high since the pandemic prompted a wave of remote work.