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High-priced Los Angeles sale is latest sign of momentum shift for US office market

Fenway Capital Advisors bets on Silicon Beach office recovery with top-tier property purchase
A new owner is betting that Entrada, one of the newest office buildings in Los Angeles, will continue to lease up as more users upgrade space. (CoStar)
A new owner is betting that Entrada, one of the newest office buildings in Los Angeles, will continue to lease up as more users upgrade space. (CoStar)

The big-ticket sale of a sleek office building on the edge of a California tech hot spot stands out as one of the latest deals to signal that the clouds over the national office market are beginning to part.

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