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Newmark Arranges Sale Of 1.1-Mln Sq. Ft. 62-story Aon Center In Downtown Los Angeles For $153.5 Mln

RTTNews | 586 days ago

Newmark Arranges Sale Of 1.1-Mln Sq. Ft. 62-story Aon Center In Downtown Los Angeles For $153.5 Mln

(RTTNews) - Newmark Group, Inc. (NMRK), a commercial real estate adviser and service provider, announced Friday it has arranged the sale of Aon Center, a 62-story trophy Class A office tower located in the heart of the Financial District in Downtown Los Angeles.

The asset sold to Carolwood Equities for $153.5 million, marketing the largest fourth-quarter 2023 office sale in Western U.S.

Located at 707 Wilshire Boulevard, Aon Center is comprised of over 1.1 million square feet, offering sprawling views of the Los Angeles basin. Extensively renovated in 2020, the 62-story Aon Center is the third tallest building in Los Angeles and the fourth tallest in California.

Aon Center was 64% leased at the time of sale to a diverse roster of tenants with strong national and regional credit profiles, including Aon and Morrison & Foerster. No single tenant occupies more than 7% of the building (net rentable area), providing an investor diversity of income.

Tags: NMRK

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China Stock Market Has Solid Lead For Thursday's Trade

China Stock Market Has Solid Lead For Thursday's Trade

The China stock market has tracked higher in three straight sessions, gathering almost 75 points or 2.2 percent along the way. The Shanghai Composite Index now sits just above the 3,630-point plateau and it's likely to open higher again on Thursday.

RTTNews | 2 minutes ago

Rebound Anticipated For Taiwan Stock Market

Rebound Anticipated For Taiwan Stock Market

The Taiwan stock market headed south again on Wednesday, one day after ending the two-day losing streak in which it had slipped more than 270 points or 1.2 percent. The Taiwan Stock Exchange now sits just beneath the 23,450-point plateau although it's likely to bounce higher again on Thursday.

RTTNews | 32 minutes ago

Higher Open Called For Singapore Stock Market

Higher Open Called For Singapore Stock Market

The Singapore stock market has climbed higher in three straight sessions, gathering more than 70 points or 1.7 percent along the way. The Straits Times Index now sits just above the 4,225-point plateau and it may see additional support again on Thursday.

RTTNews | 1h 2min ago

South Korea Has $14.27 Billion Current Account Surplus

South Korea Has $14.27 Billion Current Account Surplus

South Korea had a current account surplus of $14.27 billion in June, the Bank of Korea said on Thursday - up from $10.14 billion in May.

RTTNews | 1h 24min ago

Malaysia Shares Tipped To Open To The Upside

Malaysia Shares Tipped To Open To The Upside

The Malaysia stock market has moved higher in two straight sessions, collecting almost 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,540-point plateau and it's got another green light for Thursday's trade.

RTTNews | 1h 32min ago

Japan Stock Market May Crack Resistance At 41,000 Points

Japan Stock Market May Crack Resistance At 41,000 Points

The Japan stock market has moved higher in back-to-back sessions, advancing more than 500 points or 1.2 percent along the way. The Nikkei 225 now sits just shy of the 40,800-point plateau and it's tipped to open in the green again on Thursday.

RTTNews | 1h 47min ago

Win Streak May Continue For South Korea Shares

Win Streak May Continue For South Korea Shares

The South Korea stock market has moved higher in three straight sessions, advancing almost 80 points or 2.7 percent along the way. The KOSPI now sits just shy of the 3,200-point plateau and it may add to its winnings again on Thursday.

RTTNews | 2h 2min ago

China Trade Data On Tap For Thursday

China Trade Data On Tap For Thursday

China will on Thursday release July figures for imports, exports and trade balance, highlighting a busy day for Asia-Pacific economic activity.

RTTNews | 3h 2min ago

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