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Home Finance Winstar Properties Buys 196-Unit Gershwin Portfolio in Hollywood From Cityview for $27.8MM, 40% Below 2019 Price
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Winstar Properties Buys 196-Unit Gershwin Portfolio in Hollywood From Cityview for $27.8MM, 40% Below 2019 Price

November 10, 20263 Mins read7
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Winstar Properties has acquired The Gershwin, a converted 1920s Hollywood Boulevard hotel, along with two neighboring Garfield Place apartment buildings and a parking lot, paying Cityview-affiliated sellers $27.8 million, or about $18 million less than the portfolio fetched in 2019.

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