The Story and Lessons Behind Douglas Emmett's Acquisition and Redevelopment of the Sherman Oaks Galleria

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Deal Summary In 1997, Douglas Emmett, a real estate investment company specializing in Class-A office buildings, acquired the Sherman Oaks Galleria for $51 million in an off-market transaction. The Sherman Oaks Galleria, which consisted of approximately 1,000,000 square feet of retail and office space, became a cultural icon during the 1980s after being featured in movies…

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