H
ilton & Hyland, a Beverly Hills-based brokerage, is facing eviction from its office building after its landlord filed a lawsuit seeking over $650,000 in back rent and late fees. The lawsuit was filed by Canon Luxury Buildings LLC, a limited liability company tied to Standard Oil Investment Group, which manages the building.
The dispute comes as Hilton & Hyland's agent headcount has significantly decreased, raising questions about the brokerage's future. According to California Department of Real Estate records, the agency had over 100 agents and staff members when it moved into the Canon Drive building in 2018, but now has only 40.
The landlord is seeking to evict Hilton & Hyland through an unlawful detainer lawsuit, which is the first step required for eviction. A case management conference has been set for September 29. The brokerage's managing director, Steve Katz, said they are aware of the action and are responding appropriately.
Hilton & Hyland signed a 10-year lease agreement in 2015, agreeing to pay $164,775.54 per month in rent. However, it did not move into the building until three years later. The landlord has also hired an independent broker to market the 18,000 square feet of second-floor space, which is now available for rent.
