"In 2024, the L.A. office market was characterized by significant distress and discounted prices, making it a favorable landscape for buyers with available capital."
"The Gas Company Tower was the top sale in Los Angeles County, selling for $200 million, following its appraisal of $214.5 million earlier this year."
"Despite the struggles of Downtown L.A. office spaces, companies with resources strategically moved to acquire buildings in sought-after areas like Beverly Hills."
"The Arboretum Gateway transaction illustrates how investors are capitalizing on current market conditions, with Drawbridge Realty purchasing the property for $182.5 million."
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