Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Kevin Shannon Kevin Shannon is the president of West Coast capital markets at Newmark Knight Frank.

The high office vacancy rate in Downtown Los Angeles isn’t deterring investment capital from scooping new opportunities. Lincoln Property Co. has sold its trophy asset the Wedbush Center at 1000 Wilshire for $196 million to Cerberus Real Estate Capital Management. The property is a 476,491-square-foot, 21-story office building in downtown Los Angeles that has recently undergone a $4 million renovation focused on the ground floor lobby, and has seen $27 million in renovation and upgrades since 2000.

Kelsi Maree Borland


Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.