Combined Properties Acquires Kings Road site in West Hollywood

Combined Properties, Incorporated is pleased to announce that is has acquired 8350-8364 Santa Monica Boulevard, at the intersection of Kings Road and Santa Monica Boulevard in West Hollywood.

Combined Properties will be developing a mixed-use project on the site that includes 7,100 square feet of retail and 20 “for sale condominiums”. All parking will be located on the ground floor or in the project’s subterranean parking structure. Construction on this project is slated to begin in the summer of 2008.

“The property is ideally suited for mixed-use and has exceptional access and visibility,” said Katherine Roberson, President of Combined Properties. The project is part of a firm-wide growth strategy focused on retail anchored, mixed-use development.“Retail is the center point of successful mixed-use projects and we excel at retail,” said Roberson.

The project will cost $23 million and it is expected to be complete late in 2009 or early in 2010. KoningEisenberg Architecture is the designer of the project and has created a structure that will take full advantage of the site’s visibility and location on Santa Monica Boulevard. Each condominium unit has a large balcony or an attached outdoor private patio. The retail component, featuring a mix of restaurants and entertainment-style retail, will provide a strong street presence.

Firm Background

Combined Properties, Incorporated is a full-service real estate firm with offices in Washington, DC and in Beverly Hills, CA. Founded in 1984, Combined Properties has consistently been ranked as one of the top private owners of retail centers in the Washington metropolitan area. With a $1 billion portfolio comprised of 5 million square feet and a $500 million development pipeline, the firm is now branching out from its concentration in retail real estate by applying its multidisciplinary expertise in the areas of development, asset management, leasing and finance, to developing innovative mixed-use properties. Combined Properties has launched its second private equity fund valued at over $200 million, intended for acquisitions of core retail assets located in the greater Washington, DC metropolitan area and Southern California. For more information visit our website: www.combined.biz