Follow LA Observed on Twitter here
As commercial real estate deals go, it's a pretty big one: 800,000 square feet in Woodland Hills with tenants that include Health Net of California Inc. and NetZero. Two big boys are involved in the deal - Houston-based Hines, a real estate company, is the buyer and RREEF North America, an investment group owned by German Deutsche Bank, is the seller. Purchase price is $300 million. The complex is 98 percent leased.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Siri versus Hawaiian pidgin (video)Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
New at LA Observed
On the Politics Page
Go to Politics
Sign up for daily email from LA Observed
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.