Los Angeles Sees Nation's Steepest Decline in Office Prices: Report – Commercial Observer
Average sales price drops 43 percent; trade volume down 47 percent
Source: commercialobserver.com
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Elat Buys Discounted LA Office Ahead of New Transfer Tax, Takes 20K SF Headquarters – Commercial Observer
Elat Properties paid $42M, or about $195 per square foot, for the office at 801 South Grand Avenue, Commercial Observer has learned.
Source: commercialobserver.com
LA Office Leasing Slows as Demand, Values Sink Further – Commercial Observer
Bloated sublease market brings L.A.’s availability rate to record high. More distress, loan maturities on horizon.
Source: commercialobserver.com
Union Bank Plaza in Downtown LA Sells at a Big Loss
Facing the larger troubles engulfing the office market, KBS sold the Union Bank Plaza tower for a big discount to the Waterbridge Capital
Source: commercialobserver.com