Denver Tech Center office buildings sell for half their 2019 price
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May 15 - June 4, 2024
Citing its central location between Los Angeles and Orange counties, Newport Beach-based Cress Capital has acquired a portfolio of five Class-A office buildings totaling nearly 462K SF in Cerritos for $89.5M Read more at: https://www.bisnow.com/orange-county/news/office/orange-county-based-cress-capital-looks-to-capitalize-on-underappreciated-cerritos-with-89m-office-portfolio-acquisition-91718?utm_source=CopyShare&utm_medium=Browser
With the $89.5 million purchase of a five-building Class A office portfolio in Cerritos, the Newport Beach-based company has made its fourth significant acquisition in the past 18 months.
Cress Capital snaps up five-building package at Cerritos Towne Centre
Cress Capital, a Newport Beach-based private equity firm, has purchased a portfolio of five office buildings totaling nearly 462,000 square feet at Cerritos Towne Centre for $89.5 million from Principal Real Estate Investors, a Des Moines, Iowa-based limited liability company.
A commercial real estate investment company that’s acquired nearly $100 million in Colorado assets in the last 12 months now owns Orchard Pointe, a prominent Class A office building in the Denver Tech Center.