{"id":1004566659,"date":"2022-02-22T06:20:16","date_gmt":"2022-02-22T14:20:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004566659"},"modified":"2022-12-09T02:53:26","modified_gmt":"2022-12-09T10:53:26","slug":"los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/","title":{"rendered":"Los Angeles Market Update: Office Sales and PSF Prices Partially Rebounded in 2021"},"content":{"rendered":"<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004545005\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/phoenix-market-update-slow-and-steady-development-progress\/market-update-resized\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg\" data-orig-size=\"1200,930\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Patricia Todoran&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1497549143&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Market-Update-resized\" data-image-description=\"&lt;p&gt;Office Sales Update Q2&lt;\/p&gt;\n\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?w=1024\" class=\"alignright wp-image-1004545005 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?w=300\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?resize=768,595 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?resize=1024,794 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Office investment sales in metro Los Angeles totaled $3.4 billion in 2021, roughly $100 million more than the previous year, according to <strong>CommercialEdge<\/strong> data. Last year\u2019s deals gravitated around the metro\u2019s ever-expanding media and film production space, with tech and medical offices also recording significant activity. Sales activity remained far below the past five-year average\u2014$4.8 billion generated annually.<\/p>\n<p>Prices in the market partially rebounded in 2021. As of December, the average price per square foot was $426, up 8.9 percent year-over-year and 45.4 percent higher than the national rate ($293). The metro still has a way to go to bounce back to pre-crisis levels ($445 in December 2019), and last year\u2019s investment activity highlighted a route to recovery.<\/p>\n<p>A total of 116 sales were recorded in 2021 (including unpublished and portfolio deals), comprising over 9 million square feet of office space across metro Los Angeles. Roughly 96.6 percent of this space had a pre-2010 original construction date, and 82.6 percent had a construction date older than 2000, with many <a href=\"https:\/\/www.commercialsearch.com\/news\/top-projects-that-will-reshape-los-angeles\/\">projects slated for renovation, redevelopment or conversion<\/a> (or have received it recently).<\/p>\n<div id=\"attachment_1004566764\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Dreamworks-Animation-Studio.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004566764\" data-attachment-id=\"1004566764\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/dreamworks-animation-studio\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Dreamworks-Animation-Studio.jpg\" data-orig-size=\"1000,800\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Dreamworks Animation Studio\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1000 Flower St., Glendale (DreamWorks Animation Studio)&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Dreamworks-Animation-Studio.jpg?w=1000\" class=\"size-medium wp-image-1004566764\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Dreamworks-Animation-Studio.jpg?w=300\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Dreamworks-Animation-Studio.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Dreamworks-Animation-Studio.jpg?resize=300,240 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/Dreamworks-Animation-Studio.jpg?resize=768,614 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004566764\" class=\"wp-caption-text\">1000 Flower St., Glendale (DreamWorks Animation Studio)<\/p><\/div>\n<p>The largest single-asset transaction recorded by CommercialEdge was the $326.5 million sale of the <strong>DreamWorks <\/strong>Animation Studios in Glendale. <strong>Brookfield Properties <\/strong>purchased the 459,770-square-foot asset from <strong>Ocean West Capital<\/strong> <strong>Partners <\/strong>in November. DreamWorks Animation has been the tenant since the building was constructed in 1997.<\/p>\n<p><strong>Hackman Capital Partners <\/strong>and <strong>Square Mile<\/strong> <strong>Capital <\/strong>agreed on a <a href=\"https:\/\/www.commercialsearch.com\/news\/action-hackman-square-mile-strike-1-85b-deal-for-cbs-studio\/\">$1.85 billion acquisition of <strong>ViacomCBS<\/strong> Inc.\u2019s CBS Studio Center<\/a>, a 55-acre property that comprises a variety of production facilities. The mixed-use asset includes studios, office and third-party tenant space. ViacomCBS will continue to occupy stages at the site. The buyer partnership owns studio assets valued at $7.5 billion, according to its website. Last year, Hackman Capital also acquired the Sony Pictures Animation campus, located in Culver City, for $165 million.<\/p>\n<p>The highest price per square foot recorded was <strong><a href=\"https:\/\/www.commercialsearch.com\/news\/ira-capital-pays-153m-for-la-office-asset\/\">IRA Capital\u2019s $153.2 million acquisition<\/a><\/strong> of 325 N. Maple Drive in Beverly Hills, trading at $1,495.\u00a0The 102,500-square-foot creative office building was 92 percent occupied by Live Nation Entertainment Inc. In 2019, it underwent a $44 million renovation.<\/p>\n<p>Office investment sales in Orange County totaled just over $1.9 billion in 2021 and encompassed more than 5.9 million square feet. About 75 percent of the space that traded was situated in primary suburban areas. IRA Capital was also active in Orange County, with one of the largest sales of the year\u2014in December, the investor paid <a href=\"https:\/\/www.commercialsearch.com\/news\/ira-capital-acquires-oc-office-for-103m\/\">$103 million for a 154,400-square-foot office<\/a> at 2722 Michelson Drive in Irvine.<\/p>\n<p>Orange County&#8217;s largest sale of 2021 was completed by <strong>Amazon<\/strong>. The e-commerce giant acquired a 637,500-square-foot campus for $165 million from <strong>Cerberus Capital Management.<\/strong> Bank of America is the current tenant of the property, situated at 275 Valencia Ave. in Brea.<\/p>\n<p><em><a href=\"https:\/\/www.commercialedge.com\/\">CommercialEdge<\/a> covers 8M+ property records in the United States. View the latest CommercialEdge national monthly office report\u00a0<a href=\"https:\/\/www.commercialedge.com\/blog\/national-office-report\/\">here<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The metro&#8217;s media production sectors have contributed to the largest office deals of 2021.<\/p>\n","protected":false},"author":1284,"featured_media":1004545005,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1594,21747],"tags":[51047,50674],"class_list":["post-1004566659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-los-angeles","category-office","tag-marketupdate","tag-commercialedge"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Los Angeles Market Update: Office Sales and PSF Prices Partially Rebounded in 2021 - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Investment in office space across Los Angeles totaled $3.4 billion in 2021. Prices partially rebounded, with the media sector driving demand.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Los Angeles Market Update: Office Sales and PSF Prices Partially Rebounded in 2021\" \/>\n<meta property=\"og:description\" content=\"Investment in office space across Los Angeles totaled $3.4 billion in 2021. Prices partially rebounded, with the media sector driving demand.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-22T14:20:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:53:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"930\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tudor Scolca\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/\",\"name\":\"Los Angeles Market Update: Office Sales and PSF Prices Partially Rebounded in 2021 - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg\",\"datePublished\":\"2022-02-22T14:20:16+00:00\",\"dateModified\":\"2022-12-09T10:53:26+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\"},\"description\":\"Investment in office space across Los Angeles totaled $3.4 billion in 2021. Prices partially rebounded, with the media sector driving demand.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg\",\"width\":1200,\"height\":930},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Los Angeles Market Update: Office Sales and PSF Prices Partially Rebounded in 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\",\"name\":\"Tudor Scolca\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"caption\":\"Tudor Scolca\"},\"description\":\"Tudor Scolca-Seu\u0219an is an Associate Editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2017 and is passionate about doing research for the two publications. He is responsible for data center and industrial coverage on CPE, writing seasonal metro reports on multifamily, interviews and features, as well as occasionally editing news stories.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/tudor-scolca\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Los Angeles Market Update: Office Sales and PSF Prices Partially Rebounded in 2021 - Commercial Property Executive","description":"Investment in office space across Los Angeles totaled $3.4 billion in 2021. Prices partially rebounded, with the media sector driving demand.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/","og_locale":"en_US","og_type":"article","og_title":"Los Angeles Market Update: Office Sales and PSF Prices Partially Rebounded in 2021","og_description":"Investment in office space across Los Angeles totaled $3.4 billion in 2021. Prices partially rebounded, with the media sector driving demand.","og_url":"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2022-02-22T14:20:16+00:00","article_modified_time":"2022-12-09T10:53:26+00:00","og_image":[{"width":1200,"height":930,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg","type":"image\/jpeg"}],"author":"Tudor Scolca","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/","url":"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/","name":"Los Angeles Market Update: Office Sales and PSF Prices Partially Rebounded in 2021 - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg","datePublished":"2022-02-22T14:20:16+00:00","dateModified":"2022-12-09T10:53:26+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d"},"description":"Investment in office space across Los Angeles totaled $3.4 billion in 2021. Prices partially rebounded, with the media sector driving demand.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg","width":1200,"height":930},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/los-angeles-market-update-office-sales-and-psf-prices-partially-rebounded-in-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Los Angeles Market Update: Office Sales and PSF Prices Partially Rebounded in 2021"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d","name":"Tudor Scolca","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96","caption":"Tudor Scolca"},"description":"Tudor Scolca-Seu\u0219an is an Associate Editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2017 and is passionate about doing research for the two publications. He is responsible for data center and industrial coverage on CPE, writing seasonal metro reports on multifamily, interviews and features, as well as occasionally editing news stories.","url":"https:\/\/www.commercialsearch.com\/news\/author\/tudor-scolca\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004566659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1284"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004566659"}],"version-history":[{"count":8,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004566659\/revisions"}],"predecessor-version":[{"id":1004568452,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004566659\/revisions\/1004568452"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004545005"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004566659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004566659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004566659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}