The Real Deal: Blackstone Sells Glendale Office Building for $55M

The building is one of the final properties from $39B Equity Office deal By Natalie Hoberman Canadian developer Onni Group acquired the 14-story office, 212,200-square-foot building at 700 North Brand Boulevard — just steps away from the Glendale Center it already owns — for roughly $55.25 million, or $260 a square foot, from Blackstone Group, The Real Deal has learned. BMO Financial Group provided about $52 million in financing to the buyer, sources said. The sale is said to be one of the final properties remaining from whenthe company dished out $39 billion to acquire Equity Office’s assets in 2007. Just this summer, sources...