Murdock Plaza

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  • Murdock Plaza Becomes Part of Tishman Speyer’s Office Portfolio

    A West Los Angeles office asset recently traded hands as developer, operator and manager Tishman Speyer move to acquire the property known as Murdock Plaza. The new owner is most likely set to carry out a renovation process in order to update the asset located at 10900 Wilshire Boulevard. The financial terms of the transaction were not disclosed but real estate data provider has the property valued at approximately $85 million. However, industry estimates place the transaction value at around $120 million. Back in 2007, the property traded for a similar fee, having been acquired for $125 million.

    Los Angeles 22 August 2014 19:33