Real Estate
LA Office Building Sells at 52% Less Than 2018 Price
- Buyers acquire the five-story property for $44.7 million
- Harbor Associates says distress is starting to hit the market
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A Los Angeles office building located near Century City and Beverly Hills sold for about 52% less than its price five years ago.
Harbor Associates and F&F Capital Group bought the five-story property at 1640 Sepulveda Blvd. for about $44.7 million, according to a statement Tuesday. The building last sold in 2018 for $92.5 million.