DivcoWest Sells 542,000 SQFT Glendale Plaza to Sunny Hills for $70MM at 61% Discount

San Francisco-based DivcoWest sold the 24-story Glendale Plaza office tower to an entity tied to West Covina's Sunny Hills Management Co. for roughly $70 million, less than half what it paid eight years ago, in the latest sign of how far Los Angeles office values have fallen.