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Years Long Instability Affecting California Commercial Real Estate

Following the collapse of banks on both coasts last month, financial markets are jittery, and the lingering threat .

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Newmark Completes Two Office Sales in DowntownLos Angeles for $157 Million

Newmark Completes Two Office Sales in DowntownLos Angeles for $157 Million
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2:00PM Water Cooler 4/4/2023 | naked capitalism

Today's Water Cooler

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Elat Buys Discounted LA Office Ahead of New Transfer Tax, Takes 20K SF Headquarters – Commercial Observer

Elat Properties paid $42M, or about $195 per square foot, for the office at 801 South Grand Avenue, Commercial Observer has learned.

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LA Office Leasing Slows as Demand, Values Sink Further – Commercial Observer

Bloated sublease market brings L.A.’s availability rate to record high. More distress, loan maturities on horizon.

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