The pandemic has only exacerbated Glendale’s long-suffering office sector, but the multifamily market has provided several big-money deals in recent months.
Most notably, Next on Lex, a 494-unit multifamily property, sold last month for $290 million.
The site, which also includes roughly 8,000 square feet of ground-floor retail, was purchased by California Community Housing Agency from owner Cypress Equity Investments.
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