- Buyers acquire the five-story property for $44.7 million
- Harbor Associates says distress is starting to hit the market
A Los Angeles office building located near Century City and Beverly Hills sold for about 52% less than its price five years ago.
Harbor Associates and F&F Capital Group bought the five-story property at 1640 Sepulveda Blvd. for about $44.7 million, according to a statement Tuesday. The building last sold in 2018 for $92.5 million.