Downtown office vacancy rates rose slightly in the third quarter to 16.7 percent from 16.3 percent in the prior quarter, and were flat against the year-earlier period. Class A rents rose to $3.59, less than a 1 percent rise from the prior quarter and a year earlier.
-Sandstone Properties acquired the 152,000-square-foot Jeffries Bank Note Building at 1330 W. Pico Blvd. from a private seller for $42 million.
-Bricks Hospitality Group acquired a 125,180-square-foot office property at 1529 W. Olympic Blvd. for $27.5 million.
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