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Real Estate

Apr. 22, 2003

Buying Spree

BY BRAD BERTON Special to the CREJ The uncertainties of war and the economy notwithstanding, private local buyers continue taking advantage of rock-bottom mortgage rates to snap up mid-sized Los Angeles-area office buildings.

BY BRAD BERTON
Special to the CREJ

The uncertainties of war and the economy notwithstanding, private local buyers continue taking advantage of rock-bottom mortgage rates to snap up mid-sized Los Angeles-area office buildings.

Along with the low financing costs, the real estate sector's perceived stability as an asset class is propping up pricing even amid continued negative net-absorption in the local office marketplace, according to Brad Cox, principa...

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