#office-complex

[ follow ]
therealdeal.com
4 months ago
LA real estate

Irvine Company Replaces Plans for OC Offices With Homes

The Irvine Company is changing its plans for Academy Point and will now build a 1,200-unit apartment complex instead of a life science office complex.
The shift in plans is due to the decline in office values and the booming multifamily market.
The Irvine Company aims to build housing near workforce hubs and it would be the first housing built at its UCI Research Park. [ more ]
therealdeal.com
5 months ago
LA real estate

Pasarroyo Reverts to Lender After Auction Flops

Pasarroyo, a four-building office complex spanning a city block in Pasadena, found no bidders beyond an opening offer at a public auction Dec. 20, so it went back to the control of its lender Heitman, based in Chicago.
therealdeal.com
5 months ago
LA real estate

TPG, Strategic Office Sell Empty Thousand Oaks Building

TPG Real Estate Finance Trust and Strategic Office Partners sold half of an office complex in Thousand Oaks for $14.9 million, 25 percent lower than what they bought it for.
The sale to the Ventura County Fire Department is an example of owner-users capitalizing on pricing dislocation in the market. [ more ]
[ Load more ]