Jeffries Bank Note Building, Downtown.

Jeffries Bank Note Building, Downtown.

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.

Main Events

-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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