Colliers Brokers $12.955 Million Off-Market Sale of West Hollywood Retail Asset on Robertson Boulevard

Colliers has completed the $12,955,000 sale of 145 N. Robertson Blvd., a two-story retail property in West Hollywood's Robertson Boulevard Design District, the firm announced Aug. 24, 2026. The transaction was executed off-market, without contingencies, and closed as an all-cash deal — with the asset placed under contract within two days of being brought to market.

Transaction Details

The seller, described as a nationally recognized financial institution, selected Colliers Vice President Gabe Kadosh and Senior Vice President Tom Davenport to manage the disposition. The Colliers team identified an undisclosed buyer and executed the transaction without the property ever being publicly listed.

The 13,100-square-foot building sits on approximately 0.16 acres at 145 N. Robertson Blvd., West Hollywood, CA 90048, with roughly 54 feet of frontage along Robertson Boulevard. Originally constructed in 1951, the two-story structure features floor-to-ceiling glass storefronts and a showroom-style interior layout, with approximately 6,550 square feet on each floor. The property was delivered vacant and sold in as-is condition, offering the buyer flexibility for immediate occupancy, redevelopment, or long-term ownership. Zoned C2 under Los Angeles commercial code, the building is suitable for retail, showroom, office, or owner-user uses.

At the $12,955,000 sale price, the transaction implies a price of approximately $989 per square foot based on the 13,100-square-foot building.

A Repricing Narrative Along Robertson Boulevard

The 2026 sale price represents a significant discount to the property's prior trading history. The asset previously changed hands for $26.6 million in 2013 and $18.2 million in 2023. Using the building's 13,100-square-foot footprint, those transactions imply per-square-foot values of approximately $2,031 and $1,389, respectively — placing the 2026 lender-driven sale at roughly half the property's 2013 peak valuation on a per-square-foot basis.

The seller in the current transaction is a lender, indicating the asset moved through a workout or REO process. The property carries a total assessed value of approximately $18.56 million — above the 2026 sale price — suggesting the financial institution accepted a material discount to prior assessed value in exchange for speed and execution certainty. Annual property taxes have been recorded at approximately $222,097.

Broker Commentary

"This transaction demonstrates the enduring value that investors and owner-users place on irreplaceable retail real estate in premier locations," said Kadosh. "Despite broader market challenges, demand remains exceptionally strong for trophy assets along Robertson Boulevard. By leveraging our relationships and deep understanding of buyer demand, we were able to quickly identify a qualified purchaser and execute a seamless, all-cash transaction for our client."

Market Context

The sale comes against a backdrop of relatively stable retail fundamentals across Greater Los Angeles. Colliers' Q2 2026 Retail Research Report showed regional retail vacancy holding at 6.2%, with limited new construction and a constrained development pipeline continuing to support the performance of established retail assets in the region.

The Robertson Boulevard Design District, where 145 N. Robertson Blvd. is situated, is among Southern California's most recognized high-street retail corridors, drawing luxury showrooms, design-oriented tenants, and boutique retailers. The two-day contract timeline and all-cash, no-contingency structure of the 2026 transaction reflect the execution preferences of lender-sellers seeking certainty of close, and illustrate continued appetite among private buyers for well-located retail assets at reset price points.

Sources

Colliers — Colliers Secures Pre-Market Buyer for $12.9 Million West Hollywood Retail Asset (Aug. 24, 2026)