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July 03, 2019  

Beacon Showing Pasadena Offices

Beacon Capital is marketing a Los Angeles-area office building worth about $80 million.The 185,000-square-foot property, in Pasadena, Calif., was renovated last year. Since then, Beacon has lined up new or renewed leases on one-quarter of the space. That has brought the occupancy rate to 92%.The estimated value works out to $433/sf. Eastdil Secured is representing Beacon, a Boston fund shop.The Class-A building, at 1055 East Colorado Boulevard,...

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