LA office building sells at 52% less than 2018 price


The building last sold in 2018 for US$92.5mil. — Bloomberg

LOS ANGELES: A Los Angeles (LA) office building located near Century City and Beverly Hills has 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 Boulevard for about US$44.7mil, according to a statement.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

TNB’s LNG move boosts long-term growth outlook
Tanjung Embang set to become Sarawak green growth hub
Pekat’s prospects brighten on solar job
Altice France sells SFR in US$23bil deal
Jakarta’s commodities reality check
Bulls seek protection in world’s hottest market
MISC’s�carbon capture and storage push deepens with new charter deal
High fuel costs set to trigger airline consolidation
China starts prefabricated power hub for data centres
IJM well on track

Others Also Read