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January 24, 2018  

Lincoln Finds Buyers for Calif. Offices

Lincoln Property has lined up separate buyers for two Southern California office properties at a combined price of roughly $325 million.Cerberus Capital has agreed to acquire the 476,000-square-foot Wedbush Center, at 1000 Wilshire Boulevard in downtown Los Angeles, for about $415/sf, or just under $200 million. Separately, Intercontinental Real Estate will pay some $125 million, or $370/sf, for the 338,000-sf Connexion Burbank, in downtown...

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