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BEVERLY HILLS, CA-Office REIT Douglas Emmett Inc. has acquired the 73,753-square-foot 150 S. Rodeo Dr. office building from New York City-based Brickman for $42 million in a sale arranged by the Cushman & Wakefield Capital Markets Group. Cushman & Wakefield executive managing director Marc D. Renard, who led the C&W team, tells GlobeSt.com that investors from Indonesia Greece, Korea, Germany and the Middle East all pursued the property because of “the irreplaceable nature of the asset combined with the high barriers to entry in this market.” The bidders included REITs, pension funds, wealthy private domestic investors and others, including a number of international billionaires.

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