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Paul MiszkowiczThe high pricing on office product is keeping some investors out of the Downtown Los Angeles market, because the leasing activity and rental rate growth doesn’t justify the property values. Harbor Associates is among them. The firm recently partnered with Bascom Group to purchase $500 million worth of office product in Western US markets in the next two years, but says that Downtown Los Angeles is not among its target markets.

Kelsi Maree Borland

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