This list of top 10 office sales in Los Angeles County is based on The Real Deal’s analysis of data via Cushman & Wakefield and Colliers through late-September, along with consideration of prior reporting. It includes six trades that came outside the reach of Measure ULA, the property transfer tax that applies only within the City of Los Angeles–though that probably had less to do with the tax, and more about pricing and location.
This list covers the top 10 office trades by total price, but ranks them by price per square foot. There were other, pricier deals on a square footage basis over the same period, but they are not included because their total prices didn’t meet the mark.
While there is still time for potential record-breakers, these are the deals that make the top 10 for 2025 to this point:
1601 Vine Street
Kingsbarn Realty Capital purchased an eight-story building located in Hollywood and occupied by Kim Kardashian’s Skims for $105 million. It came after a lawsuit against the lender that derailed an earlier deal. JH Snyder was the seller of the property at 1601 Vine Street, along the Hollywood Walk of Fame. The deal worked out to $908 per square foot, the priciest on a square foot basis on the ranking.
Maple Plaza
Publicly traded real estate investment trust Kilroy Realty purchased the office campus in Beverly Hills from Tishman Speyer for $205.3 million, or $701 per square foot. TRD first reported Tishman was selling, but the buyer was a mystery.
Once the buyer was revealed, we learned it was a competitive process, and more information on Maple Plaza came during an Kilroy earnings call, where Chief Executive Angela Aman said the property had “become the strongest driver of leasing activity in our Los Angeles portfolio.”
Murdock Plaza
Real estate investment trust Douglas Emmett purchased Murdock Plaza at 10900 Wilshire Boulevard from Tishman Speyer through a deed-in-lieu of foreclosure. The 17-story office tower at the corner of Westwood and Wilshire boulevards traded hands for $131.1 million, or $539 per square foot. The company later announced plans to turn the office tower into apartments.
Ilo at Playa Vista
Silicon Beach may not be what it used to be, but trades there are still pricier than downtown. Clarion Partners sold a creative office campus at 12130 to 12180 Millenium Drive to institutional investor Barings for $150.7 million, or $512 per square foot. The Playa Vista mixed-use complex was 90 percent occupied but faced near-term lease expirations. Clarion purchased the property more than a decade earlier for $133 million.
Entrada
Fenway Capital Advisors purchased an 11-story office building in Culver City for $130 million. The seller was Lincoln Property Company and Goldman Sachs affiliate Broad Street Principal Investments, and the deal came out to $413 per square foot. But the $130 million doesn’t cover the $142.5 million debt the sellers took on to develop the property at 6181 Centinela Avenue that was 75 percent occupied. It is more than the $33 million the joint venture partners paid for the real estate back in 2018 when it was a stalled development site.
The Park Calabasas
Cross Ocean Partners and Palisade Group purchased a three-story office building in Calabasas, an affluent area, where San Fernando Valley meets the foothills of the Santa Monica Mountains, for $69.4 million, or $312 per square foot, from the U.S. arm of China-based investment company Gemdale. It sold for less than its prior $79 million purchase price four years ago but was completely leased.
Pasadena Towers
Pasadena has seen its fair share of office distress, and the sale of Pasadena Towers, not to be confused with the Pasadena Office Tower, was no different. The two-building complex traded for $125 million, or $262 per square foot. The two properties, at 55 South Lake Avenue and 800 East Colorado Boulevard, connected by a courtyard, had a prior price of $256 million. Harbor Associates and Roxborough Group were the buyers, the seller was CBRE Investment Management. It was the largest ever investment by Harbor Associates.
Figueroa at Wilshire
Brookfield is synonymous with downtown Los Angeles office distress. The giant dumped a 52-story tower at 601 South Figueroa Street, and it happened to be the priciest trade all year but was still less than the debt connected to the property. Uncommon Developers purchased the skyscraper for $210 million in an off-market trade that amounted to $201 a square foot. The debt balance was $250 million, though we learned there was no impairment on it. The pricing was distressed, but an office trade above $150 per square foot is still something nowadays.
Colliers’ Mark Schuessler represented Uncommon Developers; Newmark’s Kevin Shannon represented Brookfield, which may not have another trade on our ranking but does have distressed offerings connected to properties it either owns or lost control to receivers. In September, there was a conference at Uncommon Developers’ 601 South Figueroa Street, on the twenty-third floor overlooking the rest of the financial district — it was gutted then.
400 to 600 Corporate Pointe
New York Life Insurance sold a Culver City office campus for $72.5 million. Sunny Hills Capital Management Company purchased the buildings at 400 and 600 Corporate Pointe in a deal that came out to $159 per square foot. The property recently underwent a renovation to the tune of $18.7 million.
101 North Brand Boulevard
Izek Shomof purchased a 19-story office building in Glendale for $58.8 million from Beacon Capital Partners, around half the $128.5 million the seller paid in 2016. The latest deal comes out to $143 per square foot. Shomof recently made another discounted buy, a Long Beach office tower for $50 million, or around $100 per square foot, that didn’t make the cut.
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