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Another Suburban Los Angeles Office Property Sells for Less Than It Did Years Ago

Montana Avenue Capital Partners Buys El Segundo Office From CBRE Investment Management
A roughly 120,000-square-foot office is located at 1700 E. Walnut Ave. in El Segundo, California. (CoStar)
A roughly 120,000-square-foot office is located at 1700 E. Walnut Ave. in El Segundo, California. (CoStar)
CoStar News
December 13, 2023 | 10:38 P.M.

An office property in greater Los Angeles has sold for less than its previous transaction price in the latest example of how high interest rates and falling demand keep hurting deals for workplaces.

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