2 Days
Source:
Los Angeles Times
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Broadcom acquires Irvine office
Broadcom purchased a research campus near the junction of the 5 and 405 freeways for $325 million, marking one of the largest office sales in Southern California recently. The 660,000-square-foot campus, originally developed by Broadcom and sold in 2017, was reacquired from PRP Real Assets, which had bought it in 2020. The deal reflects a trend of companies in the region buying their own office properties amid declining rental prices.
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