National Commercial Real Estate News From CoStar Group
Brookfield Sells Long Beach Office Tower for $135.5M
Brookfield Office Properties, Inc. (NYSE: BPO) sold the Landmark Square office tower at 111 W. Ocean Blvd. in Long Beach, CA for $135.5 million, or about $295 per square foot, to a subsidiary of insurance giant Manulife Financial Corp.
The 24-story, 460,206-square-foot, class A office tower was constructed in 1990 on 1.8 acres in the Downtown Long Beach submarket of Los Angeles. It features ground-floor retail space, covered parking, and on-site...