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Pasadena Office Tower loses 60% of value over 10 years

A new appraisal slashed the value of Albert Taban and Michael Pashaie’s Pasadena Office Tower by more than half as tenants flee the property. The nine-story tower at 150 South Los Robles Avenue was reappraised at $23 million, a 59 percent decrease from its appraisal a decade ago, according to Morningstar Credit. The new appraisal […]

This article originally appeared on The Real Deal. Click here to read the full story.

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  • 09 July 2025
  • The Real Deal
  • Uncategorized
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Office market continues heating up as deals hit $40B  →← Jamison looks for buyer after $35M default on LA offices
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