Ben Ashkenazy sells Beverly Connection mall to Cedars-Sinai for $270M
Ben Ashkenazy sold his Beverly Connection mall to Cedars-Sinai for about $270 million, property and business records reveal. The deal comes out to around $790 per square foot. Neither representatives for New York City-based Ashkenazy Acquisition nor Cedars-Sinai immediately responded to a request for comment. The sale comes after Ashkenazy landed an extension on the $175 million debt connected to the 340,000-square-foot shopping center at 100 North La Cienega Boulevard. The debt had a new July 2026 maturity date. Prior reports indicated Ashkenazy Acquisition received a $210 million commercial mortgage-backed securities package that was stuck in special servicing for years. […]This article originally appeared on The Real Deal. Click here to read the full story.
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