Two L.A office buildings sold
In two separate deals, two office properties located in the Los Angeles market were exchanged.
Lincoln Property Co. and Rockwood Capital are in talks to purchase the office building located at 911 Wilshire Blvd. The seller is Brickman Associates, which acquired it in 2007 for $117 million. Real Capital Analytics lists the sales price as $130 million.
The 376,000-square-foot office building is 80 percent occupied. Major tenants include the U.S. Army Corps of Engineers, URS, GSA and Regency Group.
Additionally, a fund advised CBRE Global Investors has closed on its acquisition of two office towers in the South Lake Retail District of Pasadena, Calif. A seller was not disclosed in the official announcement; however, RCA has identified Beacon Capital Partners as the seller and t