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Los Angeles Market Hits a Brick Wall

February 9, 2009

...According to the University of Southern California's Casden Real Estate Economics Forecast, West Los Angeles Class A office sales volume increased 120 percent from 2003 to 2007 and the weighted average price paid for the space increased 154 percent and market rents increased 73 percent through the third quarter of 2008. Much of that activity was propelled by the liquidity in the credit markets and the commercial mortgage-backed securities market...