For the second time in four months, Preston Center office buildings Sterling Plaza and Preston Commons have been sold to CB Richard Ellis Investors, according to the DBJ, which puts the sale price at $130 million. It is the second time the buildings have been sold since March, when Chicago-based real estate investment firm Capri Capital Partners LLC purchased the more than 700,000 square feet of office space. DBJ portrays this as a sign of an improving real estate market. Fingers crossed.
More in
Community
Autumn Ushers in Al Fresco Dining
Fall’s temperate moments are the rewards for summer’s brutal ones.
Business
Will There Be a Hollywood Ending for the Inwood Theatre?
The beloved theater, which opened in 1947, is benefitting from new capital investments
By
Josh Hickman
Sports
Mastering the Mental Game
Mind exercises are paying dividends for Hillcrest's volleyball team