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Douglas Emmett Invests $84 Million in Cornerstone Plaza

LaSalle Entity Sells 174,000-SF Class A Office in Los Angeles for $484 PSF
By Laurie Forbes
November 2, 2007 | 8:34 P.M.

Douglas Emmett Inc., a Santa Monica, CA-based office and multifamily real estate investment trust, purchased Cornerstone Plaza, a 173,590-square-foot office facility in Los Angeles. An entity of LaSalle Investment Management sold the Class A building for $84 million, or nearly $484 per square foot.

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News | Douglas Emmett Invests $84 Million in Cornerstone Plaza