Larry Botel

  • Silicon Beach Asset in Santa Monica Trades Hands for Highest Per-Square-Foot-Rate in 2015

    We’ve previously covered the growing strength of the area of Santa Monica known as Silicon Beach, but the tech-centric submarket seems to finally be hitting its stride. Recently, New York-based real estate investment management firm JOSS Realty Partners acquired a creative office asset in Santa Monica for a total of $23.7 million. The property traded at a per square foot rate of $1,004, the highest rate paid for an asset in the greater Los Angeles area in 2015.

    Los Angeles 28 April 2015 13:12

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