Flynt considers selling Hustler building in Beverly Hills

Truly one of the uglier structures you'll come across: black, bulbous, and completely out of proportion to its surroundings. Old-timers might remember that the Wilshire and La Cienega building was formerly a branch of Great Western Savings. Flynt, publisher of Hustler magazine, bought the 10-story, 208,000-square-foot property in 1984. Now, he's looking to sell, and he has three serious bidders, according to Bloomberg (citing a source). They are Douglas Emmett, the real estate investment trust in Santa Monica, Kilroy Realty, an L.A.-based REIT, and Tishman Speyer Properties. Bids are believed to be in the $85 million range. A Flynt spokesman says no final decision has been made on selling, though he did tell Bloomberg that, "It's a valuable asset, whose equity we believe could be used more productively in other areas." Translation: If we get enough money, it's happening.