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July 25, 2018  

Angelo Gordon Snags Calif. Offices

An Angelo, Gordon & Co. partnership has agreed to pay Blackstone just over $160 million for an office portfolio in Southern California’s Orange County.The four Class-A properties, in Newport and Irvine, encompass 538,000 square feet of space that’s 82.6% leased. The purchase price works out to about $300/sf. Eastdil Secured marketed the package for Blackstone, which was willing to sell the properties either individually or as a...

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