Hilton & Hyland to open new office on prime Beverly Hills strip

New office spans 15,000 square feet

TRD LOS ANGELES /
Feb.February 09, 2016 10:00 AM

Hilton & Hyland is planning to relocate from its current Beverly Hills location at 250 North Canon Drive to a brand new building under construction across the street, company co-founder Jeff Hyland told The Real Deal.

The formerly vacant property, which is between Bouchon and The Palm Restaurant at 257 North Canon, is being developed into a three-story retail building. Hilton & Hyland will take the whole second floor, comprising 15,000 square feet.

The move coincides with what amounts to an office arms race among residential firms in Beverly Hills following the entry of New York-based companies Douglas Elliman and Compass into the market.

Indeed, Hyland said several high-profile firms had been eying the trophy office space.

“Other companies were desperately trying to get the space that we ended up getting,” Hyland told TRD. “We wanted to be very certain that we weren’t south of Wilshire because almost all our business is north. We didn’t want agents to spend an extra 10 minutes in traffic each time they went back and forth to the office.”

For its part, Douglas Elliman recently signed a lease for an 11,000-square-foot space on El Camino Drive that will accommodate more than 100 agents, as well as support staff and a new development-marketing department.

Meanwhile, Compass inked a deal for 7,220 square feet at 9560 Wilshire Boulevard, a space that can accommodate about 60 agents.

Hilton & Hyland will open at the North Canon location in slightly over a year, Hyland said.


Related Articles

arrow_forward_ios
Larry King and Shawn Southwick

Larry King is saying “so long” to Beverly Hills Flats mansion

The top five listings of the last seven days

Here are the priciest resi listings in LA County last week

Late Microsoft cofounder Paul G. Allen and the property (Credit: Redfin and Getty Images)

The late Paul Allen’s 120-acre plot of land in Beverly Hills gets a massive price chop. Sound familiar?

Bilgili Development’s Serdar Bilgili and Michael Shvo with a rendering of 9200 Wilshire Boulevard (credit: Getty Images and MVE Architects)

Michael Shvo and partners snag $190M construction loan for Beverly Hills condo project

Clockwise from top left: 1155 Angelo Drive, 1116 Laurel Way, 613 N. Sierra Drive, 32453 Pacific Coast Highway and 705 N. Arden Drive (Credit: Redfin)

Beverly Hills dominates list of top resi sales in LA County last week

Clockwise from top left: 12921 Marlboro Street, 22102 Pacific Coast Highway, 21536 Pacific Coast Highway, 820 N. Roxbury Drive and 334 S. Burlingame Avenue (Credit: Redfin)

Here are the priciest resi listings in LA County last week

2571 Wallingford Drive in Beverly HIlls (Credit: iStock)

Gala Asher’s Wallingford Estate in Beverly Hills just got a $25M price slash

The top sales of last week were all on the Westside

Here are the 5 priciest resi sales in LA County last week

arrow_forward_ios