money

2026 Sale of 8800-8804 Melrose Avenue

2026-072026Closed acquisition reported by buyer

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.

Property saleDirect buyer and SEC disclosure for price/acquisition; independent transaction reporting for seller-side participants

Record Details

Buyer

Acadia Realty Trust

Price

29000000

Month

2026-07

Tenant

Jacquemus

Culver City Bridge

none established

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Organizations

Properties

Projects

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Money Relationships

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Owners

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Address

Financial Relationship

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.

Amount

$29 million

Amounts

$29 million purchase price$7,250 per square foot reported by Traded

Record Notes

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.

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