Warner wrapped.RREFF is cornering the Warner Center. LNR LNR Local Nature Reserve (United Kingdom) LNR Last Number Redial LNR London News Radio LNR Left/Node/Right (in order binary tree traversal in computer programming) LNR Local Negotiated Rate Property Corp. has sold the third phase of its LNR Warner Center to the German fund manager for $105 million, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. sources close to the deal. The transaction follows on the heels of RREEF buying the LNR Warner Center phases one and two in January January: see month. for $155 million. RREEF is buying the two-office building development, a 130,000-square-foot building at 5700 Canoga Blvd. and a 260,000-square-foot building at 21301 Burbank Blvd. The deal, which works out to about $291 a foot, was expected to close late last week. The building wasn't listed on the market and the transaction was brokered by 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. Inc. The deal was first reported by trade publication Real Estate Alert. Staff reporter Andy Fixmer can be reached by phone at (323) 549-5225, ext. 263, or by email at afixmer@labusinessjournal.com. |
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