Bardas Investment pays $23M for Seward House in Hollywood

The office building, constructed in the Golden Age of Hollywood, is now located in the Hollywood Media District

TRD LOS ANGELES /
Mar.March 12, 2020 01:20 PM
Hollywood's Seward House sells for $23.4M
Hollywood’s Seward House sells for $23.4M

Bardas Investment Group has purchased Seward House, an Art Deco property constructed in the Golden Age of Hollywood, located in what is now informally called the Hollywood Media District.

The investment and development firm paid $23.4 million for the 13,000-square-foot building at 729 Seward St., property records show. The seller was office space developer HQ Creative Office.

HQ Creative acquired Seward House in 2013 for $2.1 million, and made significant improvements, according to Property Shark. A number of production and entertainment groups have leased space at the building, which was constructed in 1925.

Representatives for Bardas Group and HQ Creative Office could not be immediately reached for comment.

Bardas, a boutique real estate and investment firm, was founded in 2018 by David Simon, who has worked for 30 years as a commercial real estate developer, operator and investor. He claims $10 billion in transactions, according to the Bardas website.

Seller HQ Creative Office— founded by HQ Group’s Robert Herscu — is a developer of upscale office spaces in Los Angeles. The company has also been involved in co-living projects.

The building is near J.H. Snyder Company’s 250,000-square-foot Hollywood 959 creative campus.


Related Articles

arrow_forward_ios
Gaw Capital Chairman Goodwin Gaw and DJM founder John Miller with a rendering of the project

An analysis of rent rolls at Hollywood & Highland

An analysis of rent rolls at Hollywood & Highland
Bob Iger, Reed Hastings and (clockwise from top left) Sunset Las Palmas, Sunset Bronson and Sunset Gower Studios (Getty, Google Maps)

Here’s what Netflix, Disney and CBS pay at for their Hollywood digs

Here’s what Netflix, Disney and CBS pay at for their Hollywood digs
Bernard Huberman and Hollywood’s Television Center (BLT, Television Center)

BLT Enterprises buys Hollywood’s Television Center for $64M

BLT Enterprises buys Hollywood’s Television Center for $64M
Photo illustration of Hudson Pacific Properties CEO Victor Coleman and Blackstone Group President Jonathan Gray (Coleman by Rich Polk/Getty; Gray by Drew Angerer/Getty; Top Gun by Paramount Pictures/Sunset Boulevard/Corbis/Getty)

Inside Hudson Pacific and Blackstone’s field of streams

Inside Hudson Pacific and Blackstone’s field of streams
Phillip Aarons and a rendering of the project (Credit: Patrick McMullan via Getty Images)

Earth shaking news: Hollywood Center megaproject on active fault line

Earth shaking news: Hollywood Center megaproject on active fault line
6725 West Sunset Boulevard in Hollywood and Vanbarton Group's Richard Coles (Credit: Google Maps)

Vanbarton’s Sunset Boulevard office complex goes to special servicing

Vanbarton’s Sunset Boulevard office complex goes to special servicing
Onni Group president Rossano De Cotiis and the site (Credit: Google Maps)

Onni Group plans 14-story office complex in Hollywood

Onni Group plans 14-story office complex in Hollywood
JADE Enterprises Director of Development Daniel Taban and the development site (Credit: Google Maps)

Jade Enterprises plans apartment complex in Hollywood

Jade Enterprises plans apartment complex in Hollywood
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...