Larry Flynt Closes Sale on Hustler Headquarters in Beverly Hills

BEVERLY HILLS, Calif. — Hustler founder and chairman Larry Flynt announced that he has closed on the sale of his company's iconic headquarters to Douglas Emmett Inc. for $89 million.

Highland Realty Capital brokered the sale for the property located at 8484 Wilshire Blvd.

Flynt also signed a long-term lease for Hustler to remain in the building as its anchor tenant.

“I’m delighted to announce this transaction,” Flynt said. “I bought the building in 1994 for less than $19 million, so we’ve been able to unlock significant equity which we can now put to much better use in other ventures and achieve greater returns.”

Flynt has owned the 10-story tower, known simply as the Flynt Building, for the past 28 years. The building was originally erected in 1972 as Great Western Savings and is still foregrounded by the oversized bronze statue of actor John Wayne riding a horse installed by the bank owners.

LFP CFO Christopher Woodward said he was pleased with the market’s response to the sale and reiterated Flynt’s sentiment that the dividend on the deal will be used to grow the company.

“Douglas Emmett is a premier company and went the extra mile for us on this transaction,” Woodward said.” This sale gives us the flexibility to continue exploring expansion initiatives and other strategic opportunities throughout our organization.”

Douglas Emmett owns about 14.7 million square feet of office space and 2,868 luxury apartment units in Los Angeles County and Honolulu. The real estate company has acquired a substantial majority of its portfolio through nine institutional funds.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Adult Time Drops New Installment of 'MILF Overload'

Adult Time has released the latest installment of director Jim Powers' series "MILF Overload."

Coco Bae Fronts Latest From Reality Kings

Coco Bae stars with Jordi El Nino Polla in the latest release from Reality Kings.

Eve Sweet Stars in Latest From Blacked Raw

Vixen Angel Eve Sweet stars with Vixen Media Group (VMG) exclusive Jason Luv in the latest release from studio imprint Blacked Raw.

Brazzers Drops Season Finale of 'MILF Quest'

Brazzers has released the final episode of the first season of "MILF Quest," hosted by Cherie DeVille.

Beca Barbie Makes Her Hookup Hotshot Debut

Beca Barbie has made her debut for Hookup Hotshot alongside Nade Nasty.

2025 XBIZ Amsterdam Website Launches With Call for Speakers

XBIZ is pleased to announce that the website for its annual European conference, XBIZ Amsterdam, is now live.

ProDx Health Introduces 'Assured MoFi ID' Testing Program

ProDx Health has introduced its new Assured MoFi ID Program for testing.

NC Governor Vetoes Bill Targeting Adult Industry, Override Possible

North Carolina Governor Josh Stein today vetoed a bill imposing new regulations that adult industry observers have warned could push adult websites and platforms to ban most adult creators and content.

Eye of Love Expands 'Bloom' Collection

Eye of Love has introduced two new perfume oils from its Bloom collection.

Nobü Adds to 'Essentials' Collection

Nobü is expanding its Essentials collection with three new pleasure products.

Show More