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1000 Wilshire Blvd.

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Wedbush Center in Downtown Sells for $196M

New York-based private investment firm Cerberus Capital Management has bought the 21-story, 476,000-square-foot Wedbush Center at 1000 Wilshire Blvd in downtown Los Angeles for $196 million, or about $415 per square foot, from Lincoln Property Co. of Dallas, according to NKF Capital Markets.

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