Sepulveda sale.Younan Properties Inc. sold its 12-story Sepulveda Center office building to KBS (KiloBits per Second) Could also be KBs for kilobytes. See Kbps and kilo. KBS - Knowledge-Based System Realty Advisors Inc. for $50.5 million. Newport Beach-based KBS paid about $291 a foot for the Sepulveda Center, located at 3415 Sepulveda Blvd., which is 98 percent occupied. Built in 1982, the all glass high-rise is visible from the San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. (405) Freeway. Its major tenants include JAMDAT Mobile Inc. and Freeman, Freeman & Smiley LLP LLP - Lower Layer Protocol . Younan Properties purchased the building two and a half years ago for $27.5 million from Equity Office Properties Trust Equity Office Properties Trust, headquartered in Chicago, Illinois, is the largest owner of office buildings in the United States. It was formed in 1976 by Samuel Zell [1] and in February 2007, was acquired by the Blackstone Group for $23 billion plus the assumption of . During Younan's ownership of the building, the company cut overhead expenses and raised occupancy 20 percent, according to a company statement. Zaya Younan, the company's chairman and chief executive, said the firm is exiting the L.A. market, where he believes prices have gotten ahead of market fundamentals. CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. Group Inc.'s Tom Bohlinger and Mark Perry represented both sides in the transaction. Staff reporter Andy Fixmer can be reached at afixmer@labusinessjournaLcom or at (323) 549-5225, ext. 263. |
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