Bob Baradaran

Managing Partner

Greenberg Glusker represents City of Beverly Hills in Lucrative Deal with Wanda Group

November 2, 2016Media Mention

Wanda Group and the City of Beverly Hills have negotiated a huge development deal for the $1.2B One Beverly Hills. As part of the agreement, Wanda Group would shell out $60M up front, it was announced Friday. This would be instead of $30M approved eight years ago. 

The Wanda Group would also pay an additional 5% surcharge of gross room revenue in addition to the 14% transit occupancy tax. The deal includes a quadrupling of the environmental mitigation and sustainability fee.

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