A publicly traded real estate investment trust is taking the pause in the tumult over tariffs as an opportunity to unload a decades-old asset in Long Beach EastGroup Properties is asking $87.6 million for the 261,500 square-foot warehouse at 2711 East Dominguez Street, about six miles from the Port of Long Beach. The price tag of $335 per square foot–more than double the prices fetched by several Class A offices in Downtown Los Angeles lately–with the Los Angeles County industrial sector’s vacancy rate at 4.7 percent vacancy rate, according to a CBRE second quarter market report. When President Donald Trump […]
This article originally appeared on The Real Deal. Click here to read the full story.
Powered by WPeMatico