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AECCommercialIndustry NewsLos AngelesResidential

Shomof Group Files to Convert 480,000-SQFT Landmark Square Office Tower Into 391 Residential Units in Long Beach After $50MM Acquisition

The proposed adaptive reuse of the 24-story tower at 111 West Ocean Boulevard follows a 63 percent price markdown and joins a growing...

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CommercialFinanceIndustry NewsLos Angeles

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

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...

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