Business Services Industry
Los Angeles telecom property
Real Estate Alert, May 26, 2004
Global Innovation Partners, a joint venture between Calpers and CB Richard Ellis Investors, paid about $45 million, or $98/sf, for 600 West Seventh Street, a telecom property in downtown Los Angeles. The seller was a joint venture between JMA Properties and Somera Capital, which acquired the property in 2002 from 360 Networks for $27 million.
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