Wave of Tech, Media Layoffs Delivers New Blows to L.A. Office Market – Commercial Observer
It’s safe to say this wasn’t the way office brokers in Los Angeles wanted to start the new year.
Source: commercialobserver.com
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First Citizens Bank Buys Santa Monica Office From Realty Bancorp
The deal is below the value of the debt on the building.
Source: commercialobserver.com
Pen Factory Sold for $166M - Los Angeles Business Journal
The Santa Monica home of video game developer Activision Blizzard Inc. and prescription drugs savings platform GoodRx Holdings Inc. was purchased by JPMorgan Chase & Co. for about $166 million. The building’s owner, the California State Retirement Systems, originally put the property up for sale in February for $180 million.
Source: labusinessjournal.com
JPMorgan Pays $745 a Foot for Activision Blizzard HQ In Santa Monica – Commercial Observer
The deal closed at approximately $165.5 million, or $745 per square foot, for the 222,000-square-foot Pen Factory property, sources said.
Source: commercialobserver.com
Satinal Group gets ready for Vitrum 2023
Next week Satinal will be attending Vitrum 2023, the international fair where glass technology comes alive.
Source: glassonweb.com