CBRE Sells Downtown LA HQ For $330M
CBRE occupied the top two floors of the 700k SF building. It also debuted its Workplace360 office model there.
The deal's terms were not disclosed, but the property was purchased for $330M, according to GlobeSt.
There were reportedly multiple offers for the office building, which the investor bought four years ago for $235M.
The debt team secured a seven-year, $157M loan through Wells Fargo Bank. [GS]