November 24, 2015
Douglas Emmett is reportedly in talks to purchase over $1B worth of Los Angeles office space from Blackstone Group’s Equity Office portfolio in Westwood. If this deal comes to fruition, it would mark one of the largest office deals to happen in LA within recent years.
The four buildings in Westwood span over 1.7M square feet and would solidify Emmett’s long-time goal of acquiring property from Blackstone. The prime location garners high office rents and would largely expand Emmett’s portfolio.