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Home Commercial Shomof Group Acquires Long Beach’s 460,000 SQFT Landmark Square for $50MM at 63% Discount in Distressed Office Market Sale
CommercialFinanceIndustry NewsLos Angeles

Shomof Group Acquires Long Beach’s 460,000 SQFT Landmark Square for $50MM at 63% Discount in Distressed Office Market Sale

November 4, 20252 Mins read1.4k
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Landmark Square sale underscores persistent challenges in California's post-pandemic office market In a transaction that highlights the continuing distress in California's commercial office sector, real estate development firm Shomof Group has acquired Landmark Square, a 24-story office tower in downtown Long Beach, for $50 million—a steep 63 percent discount from what the seller paid just […]

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