PRESS RELEASE

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December 15th, 2017

Miramar Capital completes acquisition of 1545 Wilcox Avenue in Hollywood

Miramar Capital in a joint venture with the principals of the Relevant Group announced it has completed the acquisition of 1545 Wilcox Avenue, the former home of the Hollywood Citizen News newspaper. The property is a unique 3‐story office building totaling 49,000 square feet and is located in a developing area of Hollywood, CA nestled between the recently developed Dream hotel, Tao restaurant and future developments which include the Selma Hotel, Thompson Hotel, and Tommie Hotel.

The art deco building was designed by architect Francis D. Rutherford and constructed in 1930 as the production headquarters for the Hollywood Citizen News.
Los Angeles‐based Colony Northstar provided the acquisition financing, with a portion of the loan proceeds to be used for capital improvements and leasing costs.