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October 09, 2019  

Calif. Conversion, Development Play

Brookfield Asset Management is marketing a Southern California office building and an adjacent development parcel with a combined value of about $140 million.The 260,000-square-foot building, at 1960 East Grand Avenue in El Segundo, could be converted into “creative” office space. A 94,000-sf office building or a hotel could be developed on the parcel.Market pros value the existing building at about $130 million, or $499/sf, and the...

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