#commercial-real-estate-sales

[ follow ]
#property-divestment #office-building-market #southern-california-real-estate
LA real estate
fromtherealdeal.com
4 days ago

Irvine Co. sells downtown Pasadena office building at discount

Irvine Company sold downtown Pasadena office building Western Asset Plaza to East West Bank for $98 million, representing a $46 million loss from its 2012 purchase price of $144 million.
fromtherealdeal.com
2 months ago

LA's 10 biggest retail deals of 2025 nearly double, approach $1B

Roughly $968 million was spent on 2025's top 10 biggest trades by dollar volume through September, driven in part by three nine-figure deals, according to reporting from The Real Deal and TRD analysis of quarterly reports from Kidder Mathews and CBRE. The year's priciest sale clocked in at $332.1 million. In 2024, the 10 biggest deals in the same nine months totaled $595 million. That year there was only one nine-figure deal, and at $103 million, it was 31 percent less than 2025's No. 1 deal.
LA real estate
Real estate
fromInquirer.com
5 months ago

Many of Philadelphia's office buildings are plummeting in value - and it's costing the city millions

Center City Philadelphia office buildings are selling for far below previous prices and assessed values, prompting purchases by residential developers and out-of-market investors.
Real estate
fromThe Mercury News
5 months ago

San Jose hotel sells for less than prior value in weak lodging market

Bay Area hotel weakness led to Sonesta Select San Jose Airport sale for $14 million, about 40.9% below assessed value, risking reduced public revenue.
[ Load more ]