The top 10 Los Angeles investment sales of 2016

Tech hubs led the way, while NYC developers took a bite out of LA

The Bluffs at Playa Vista and 400 South Hope Street in Los Angeles
The Bluffs at Playa Vista and 400 South Hope Street in Los Angeles

From the Los Angeles website:  Properties fitted out for tech and creative tenants led the way in investment sales in 2016, a banner year for the industry.

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In Playa Vista, Invesco’s $34 million-per-acre acquisition of Runway Playa Vista not only shattered price-per-square-foot records but created a domino effect, lifting values across the submarket — even for residential properties. [more]