#beverly-hills-real-estate

#beverly-hills-real-estate

End of an era? Maybe. Hilton & Hyland's sign has come off the Standard Oil building in Beverly Hills, with the high-end brokerage beginning a move to smaller offices within the city. The relocation comes after the company's soon-to-be former landlord, Standard Oil Investment Group, took the brokerage to court over more than $650,000 in back rent and over $65,000 in late fees before asking a judge to toss the complaint last month.

The brokerage announced five new agents to the Beverly Hills office, bringing with them sales of almost $95 million in the past 12 months. The brokerage said two additional agents also moved their licenses to Coldwell Banker but held off on naming their publicly. When counting all seven agents, the total production over the past 12 months for the incoming wave of recruits topped $150 million.

A condo unit at the Maybourne Beverly Hills sold to the titan of a family-owned food maker and distributor in one of the priciest deals at the ultra-luxe property. The Real Deal previously reported unit 8E at 225 North Canon Drive went into contract last month, but the buyer and sale price were not known until now. The four-bed, six-bath unit sold Oct. 10 for $27 million, or $4,762 per square foot, according to the deed.