Avison Young facilitated the purchase of Dolby Theatre, a popular live entertainment venue in Hollywood. The theater, which has been home to the Academy Awards since 2002, was built in 2001 and boasts a capacity of 3,400 seats and spans over 180,000 square feet. It is situated at 6801 Hollywood Blvd., within the Ovation Hollywood retail complex that was sold in 2019. In addition to the theater itself, this acquisition also included two surface parking lots totaling approximately 1.45 acres.
Representing JEBS Hollywood Entertainment LLC as buyer was Chris Bonbright – principal and managing director at Avison Young. On behalf of seller California Public Employees’ Retirement System were Will Poulsen and Peter Hajimihalis from JLL along with Carl Muhlstein from Muhlstein CRE.
Slatt Capital arranged debt financing through Castellan Real Estate Partners for this undisclosed transaction led by Antonio Hachem alongside Cornelius Baliukonis and Wendy Wang.
The ownership group behind JEBS Hollywood Entertainment is headed by producer Elie Samaha with Sherwin Jarol , Jeff Sagansky , Jonah Lazowski , Two Girls Holdings LLC as well as Sheikh Abdulla Bin Mohamed Al Qasimi through his investment firm Master Investment Group all playing key roles.
According to Bonbright: “Under new ownership’s leadership we can expect an expansion on current offerings including more international acts such as renowned Latin performers while still maintaining its association with hosting prestigious events like The Academy Awards.”
