Lou Hirsh

<html><head></head><body><div class="RichTextArticleBody"><div class="RichTextArticleBody-body"><p>A venture headed by Los Angeles Clippers basketball team owner Steve Ballmer has agreed to purchase the Forum arena in <span class="Enhancement"><span class="Enhancement-item"><a class="Link
" href="https://product.costar.com/Market/#/search/detail/submarket/USA/type/0/property/6/geography/30823/slice/all">Inglewood, California</a></span></span>, for $400 million, which could help push forward plans to build a $1 billion new privately financed arena and headquarters facility for the NBA team.</p></div></div></body></html>

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LA Forum

NBA Team Looks To Build New $1 Billion Venue, End Legal Disputes

Clippers Buying Forum Arena Near LA for $400 Million

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CoStar has introduced a new market-based programme recognising the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organisation in commercial real estate. The selected top deals and the real estate firms and individual agents involved in each transaction will be singled out for recognition each quarter. For the purpose of recognising the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

CoStar has introduced a new market-based program recognizing the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organization in commercial real estate. The selected top deals and the real estate firms and individual brokers involved in each transaction will be singled out for recognition each quarter. For the purpose of recognizing the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

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Clippers Buying Forum Arena Near LA for $400 Million

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Clippers Buying Forum Arena Near LA for $400 Million

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