Gemdale Buys The Park Calabasas for $79MM

Newmark Knight Frank (“Newmark”) announces it has arranged the sale of The Park Calabasas, a creative office campus, for $79 million to Gemdale USA, a subsidiary of China-based Gemdale Corporation. Newmark’s Co-Head of U.S. Capital Markets Kevin Shannon, Executive Managing Directors Ken White and Rob Hannan and Senior Managing Director Laura Stumm represented the sellers, Rising Realty Partners and Fortress Investment Group. Newmark’s Vice […]