money

2026 Sale of 8800-8804 Melrose Avenue

2026-07 2026 Closed acquisition reported by buyer
At a glance

Acadia Realty Trust disclosed the July 2026 acquisition of 8800-8804 Melrose Avenue for $29 million. Transaction reporting identifies Jason Illoulian/Faring Capital, Cobby Pourtavosi/Capital Insight, and Ponya Abdi/Parallel Acquisitions on the seller side, creating a new documented disposition in the Faring/Illoulian real-estate network.

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Property sale Direct buyer and SEC disclosure for price/acquisition; independent transaction reporting for seller-side participants
What the record shows

Key facts

Amount
$29 million
Address
8800-8804 Melrose Avenue, West Hollywood, California 90069
Financial context
Acadia Realty Trust disclosed a $29 million acquisition; seller-side identities are reported by transaction sources and are not represented as an ownership percentage allocation.
Documented amounts
$29 million purchase price · $7,250 per square foot reported by Traded
Buyer
Acadia Realty Trust
Price
29000000
Month
2026-07
Tenant
Jacquemus
Culver City Bridge
none established
Evidence

Sources

Acadia Realty Trust Reports Second Quarter 2026 Operating Open source → Akr 20260630 Open source → Kenneth Bernstein Of Acadia Realty Trust Purchases Retail Property On Melrose Avenue For 29m Open source → Jacquemus Storefront Fetches Top Pricing In Los Angeles Retail Sale Open source →
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Linked records

Direct links named in this record: people, organizations, properties, projects, events and other canonical archive records.

People
Jason Illoulian
Organizations
FaringNewmark
Properties
8800-8804 Melrose Avenue
Projects
Melrose Collection
Relationships
Jason Illoulian / Faring West Hollywood civic-development network
More context

Related records

Ranked by documented overlap such as a shared project, property, person, organization, event, relationship, or an explicit link between records.

relationship

Jason Illoulian / Faring — West Hollywood Civic, Campaign, Land-Use, and Transaction Network

Public records, buyer disclosures, and filing-based reporting document a recurring West Hollywood institutional and real-estate network around Jason Illoulian and Faring …

Development / land-use counsel / campaign finance / civic participation / real-estate transactionsLand-use entitlementLobbyingCampaign finance
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Context note

Acadia's July 28, 2026 release says it acquired 8800 Melrose Avenue in July for $29 million and identifies Jacquemus as tenant. Its Form 10-Q lists 8800 Melrose among second-quarter/July street-retail investments and reports $59.5 million aggregate gross purchase price for 8800 Melrose and 467 North Canon; Acadia's release separately gives 8800 Melrose's individual $29 million price. Traded names Illoulian/Faring Capital, Pourtavosi/Capital Insight and Abdi/Parallel Acquisitions on the seller side. CoStar independently reports the Faring/Capital Insight/Parallel Acquisitions seller group. The record does not infer seller ownership percentages, profit, financing payoff, coordination, or any Culver City transaction.

People
Jason IlloulianCobby PourtavosiPonya AbdiKenneth BernsteinJay LuchsCarine Mamann
Organizations
Acadia Realty TrustFaringFaring Capital, LLCCapital InsightParallel AcquisitionsJacquemusNewmarkCushman & Wakefield
Properties
8800-8804 Melrose Avenue
Projects
Melrose Collection
Relationships
Jason Illoulian / Faring West Hollywood civic-development network
Financial entities
Acadia Realty Trust
Owners
Acadia Realty Trust
Categories
Real estate transactionRetail property disposition
Themes
Property saleWest Hollywood development networkLuxury retailInstitutional acquisition
Money context
Acadia Realty Trust → seller group — $29 million acquisition
Addresses
8800 Melrose Avenue8804 Melrose Avenue8800-8804 Melrose Avenue
Amounts
$29 million purchase price$7,250 per square foot reported by Traded
Aliases
8804 Melrose saleJacquemus store sale