February 12, 2025 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

Former Howard Hughes Center Sells for $80 million

TTM Real Estate Capital buys HHLA for $80 million

By Dolores Quintana

HHLA, formerly known as The Promenade at Howard Hughes Center, is an open-air entertainment destination with restaurants and a Cinemark 18 and XD theater that has been sold for $40 million less than the previous buyer purchased it for in 2015 as reported by Bisnow.com. Laurus Corp. and Torchlight Investors bought the commercial building at 6081 Center Drive for $111 million. They also invested $35 million to renovate the site, a process that wasn’t completed until 2020. 

TTM Real Estate Capital bought the HHLA for $80 million and announced the sale on Thursday according to a source that spoke to Bisnow. Cannon Commerical is TTM’s parent company and a real estate investor and commercial management company in Los Angeles.  

They also announced that two new tenants would be joining HHLA, 60out Escape Rooms, a unique and interactive live-action adventure game experience with multiple locations, and the Muhammad Ali Experience whose website says, “Step into the ring and go toe-to-toe with the legend. MAE offers a world-first opportunity to immerse yourself into the life and legacy of Mohammed Ali.”

There was no information about the lease or terms of the purchase made available to the public.

Related Posts

(Video) The Willows Students Bring a 50-Foot Dragon to Life Through Art and Teamwork

February 12, 2025

February 12, 2025

Kristy Acero, The Willows DK-4th Grade Art teacher, led her students in a large-scale, collaborative project, with each grade creating...

ART& 2025: NeueHouse Unveils Inspiring Lineup Celebrating Feminine Leadership

February 12, 2025

February 12, 2025

Four-Day Event in Venice Beach Explores Creativity, Activism, and Cultural Impact NeueHouse has unveiled the schedule for ART& 2025, a...

LA Attorney Who Represented Rodney King Sentenced to Prison for Tax Evasion Scheme

February 11, 2025

February 11, 2025

Milton C. Grimes Ordered To Serve Time in Prison and Pay Restitution Milton C. Grimes, a longtime Los Angeles attorney,...

Canned Tuna Pulled from Shelves Over Botulism Contamination Risk

February 11, 2025

February 11, 2025

El Segundo Seafood Company Issues Voluntary Recall Through FDA Tri-Union Seafoods has issued a voluntary recall of certain canned tuna...

Powerful Storm to Bring Heavy Rains, Possible Debris Flow to Los Angeles

February 11, 2025

February 11, 2025

Officials Warn of Risks, Urge Residents to Prepare for Severe Weather A Pacific storm system is expected to bring widespread...

Retailers Impose Egg Purchase Restrictions as Supply Chain Disruptions Cause Concern

February 10, 2025

February 10, 2025

Egg Limits Are Back – What’s Causing the Shortage? Retailers across the United States, including Costco and Trader Joe’s, have...

Donate Blood, Save Lives: Culver City Hosts Valentine’s Week Drive

February 10, 2025

February 10, 2025

Urgent Need for Donors as Red Cross Faces Critical Blood Shortages As Valentine’s Day approaches, the Culver City Police Department...

New Bill Targets Crime in Disaster Zones – Here’s What You Need to Know

February 10, 2025

February 10, 2025

Lawmakers Push for Tougher Penalties To Protect Vulnerable Communities California lawmakers have introduced a bipartisan bill aimed at cracking down...

What about are you protected from future wildfires?

February 9, 2025

February 9, 2025

Our hearts go out to all those impacted by the recent wildfires and Santa Ana windstorms in Southern California. We...

Actor Will Arnett Lists Stunning Beverly Hills-Area Home for $22.5 Million

February 9, 2025

February 9, 2025

Comedy Star’s Modern Farmhouse Features Custom Podcast Studio Actor and comedian Will Arnett is selling his modern farmhouse-style home near...

Shore Hotel Remains Sustainability Leader

February 9, 2025

February 9, 2025

By Susan Payne On track to open its new coastal-inspired restaurant, Shore Hotel has excited new offerings and initiatives this...

Worker Injured in HVAC Explosion at Culver City Mall’s Roof

February 9, 2025

February 9, 2025

Explosion on Mall Rooftop Leaves One Worker Hospitalized A worker sustained severe injuries in a workplace accident at the Culver...

Former Bed Bath & Beyond Near LAX to Be Transformed Into Affordable Housing

February 9, 2025

February 9, 2025

Eight-Story Development with 333 Apartments Planned in Empty Warehouse Store According to a recent application submitted to the Los Angeles...

Rescheduled 2024 Homeless Count Needs More Volunteers on the Westside

February 9, 2025

February 9, 2025

Not Enough Volunteers to Successfully Count Unhoused Angelenos This Year With the rescheduled dates for the 2025 Greater Los Angeles...

Student Protest Over Immigration Policies Leads to Walkouts Across the Westside

February 7, 2025

February 7, 2025

Walkout Turns Tense as Counter-Protester Confronts Teen in Video From Venice Students from Santa Monica High School (SAMOHI), Culver City...