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Sunset Vine Tower Gets Happy Ending

LOS ANGELES-A former Hollywood eyesore gets a happy ending straight out of the movies, as CIM Group sells the Sunset Vine Tower luxury apartments.

By Bruce Haring | Updated on June 26, 2013

LOS ANGELES-A tall building with a checkered past has been sold by the CIM Group. The Sunset Vine Tower, which was once abandoned after a fire and nearly destroyed by vandals before being restored as a 64-residence luxury apartment building, has now changed hands for an undisclosed price to new owners that have not been identified.

The CIM Group declined further comment but indicated the building has been close to 100% leased since opening in 2010. The Tower sits on the corner of Sunset Blvd. and Vine St., an area that will soon undergo a massive transformation from low density to high-rise mixed-use, thanks to the planned Millennium Hollywood and Columbia Square projects, among other development projects nearby.

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