Lincoln Property Pays $70MM for 123,000 SQFT Manhattan Beach Property with Plans for Residential Project

Dallas developer plans to demolish and replace the property with multifamily housing Lincoln Property Company has waded into Manhattan Beach's contentious housing debate with a $70 million acquisition designed to demolish offices and build apartments—positioning itself at the intersection of California's housing crisis and a nationwide office-to-residential conversion trend that's accelerating at record pace. The […]