Real Estate
FanDuel Buys $71M Beverly Hills Building: Report
While sports wagering is illegal in California, FanDuel is betting big on pricey Beverly Hills office space.
BEVERLY HILLS, CA — Online gambling company FanDuel recently bought a Wilshire Boulevard office building for $71 million, according to a report.
The 50,200-square-foot building is located at 9000 Wilshire Blvd., just east of Doheny Drive. The $71 million purchase price is four times the per-square-foot average for offices in Southern California, the Commercial Observer reported.
The four-story building was completed by construction firm Skanska last year. It's the Swedish company's first Los Angeles-area development, according to the publication.
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Skanska bought the site for $18.2 million in 2019; the new building replaced two retail buildings and a parking lot, according to the Commercial Observer.
FanDuel runs online sports and horse betting and online casino games. It's the largest online sportsbook operator, according to Casino.org.
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While sports betting is illegal in California, FanDuel offers other mobile games for Golden State residents, according to the company.
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