{"id":1004768602,"date":"2025-08-18T02:33:18","date_gmt":"2025-08-18T10:33:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004768602"},"modified":"2025-08-25T07:17:50","modified_gmt":"2025-08-25T15:17:50","slug":"swift-sells-los-angeles-area-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/swift-sells-los-angeles-area-office-building\/","title":{"rendered":"Swift Sells Los Angeles-Area Office Building"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" data-attachment-id=\"1004768615\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/790-east-colorado-pasadena-ca-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/790-East-Colorado-Pasadena-CA-edited.png\" data-orig-size=\"800,600\" 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;&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=\"790 East Colorado Pasadena CA\" data-image-description=\"&lt;p&gt;Kristen Murphy at JLL provided the photo&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The building originally opened in the 1980s and features ground-floor retail space. Image courtesy of JL  &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/790-East-Colorado-Pasadena-CA-edited.png?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/790-East-Colorado-Pasadena-CA-edited.png\" alt=\"Exterior shot of 790 E. Colorado Blvd., in Pasadena Calif.\" class=\"wp-image-1004768615\" style=\"width:417px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/790-East-Colorado-Pasadena-CA-edited.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/790-East-Colorado-Pasadena-CA-edited.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/790-East-Colorado-Pasadena-CA-edited.png?resize=768,576 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><figcaption class=\"wp-element-caption\">Completed in the 1980s, the building features ground-floor retail space. <em>Image courtesy of JLL  <\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Swift Real Estate Partners has sold a 146,000-square-foot office building at 790 E. Colorado Blvd. in Pasadena, Calif. GD Realty&#8217;s Arash Danialifar purchased the asset in an off-market transaction, with the assistance of Barak Investors Group. JLL represented the seller.<\/p>\n\n\n\n<p>Swift had acquired the building six years ago, as part of a <a href=\"https:\/\/www.commercialsearch.com\/news\/swift-real-estates-193m-office-portfolio-acquisition\/\">$193 million portfolio transaction<\/a>. A JLL team negotiated on behalf of the seller back then as well. <\/p>\n\n\n\n<p>Completed in 1981, the LEED Gold-certified property was recently renovated. Amenities include a fitness center, a full-service kitchen, outdoor terraces and a conference facility equipped with a boardroom. The building was 70 percent leased at the time of sale. <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/building-pressure-how-tariffs-costs-impact-californias-cre-pipeline\/\"> Building Pressure: How Tariffs, Costs Are Impacting California\u2019s CRE<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The asset is 1 mile from the city center, close to main dining and shopping venues. Downtown Los Angeles is approximately 11 miles away and the LAX Airport is 28 miles from the property.<\/p>\n\n\n\n<p>JLL\u2019s Capital Markets Investment Sales and Advisory team was led by Managing Director Andrew Harper, Senior Managing Director Jeff Bramson, Senior Director Will Poulsen and Associate Jacob Malloy. Swift\u2019s Investment Manager, Jeremy Wustman, led the sale proceedings, while Barak Investors Group\u2019s Omid Broukhim negotiated on behalf of the buyer.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-l-a-office-space-investment\">L.A. office space investment<\/h2>\n\n\n\n<p>The <a href=\"https:\/\/www.commercialsearch.com\/news\/los-angeles-keeps-strong-office-sales-momentum\/\">Los Angeles office market<\/a> continues to perform strongly, according to Yardi Research Data. As of May, the City of Angels was the second top-performing metro in the U.S. for office deals, with the price per square foot averaging $281. San Francisco followed, with $272 per square foot.<\/p>\n\n\n\n<p>In one of the largest sales of the summer, <a href=\"https:\/\/www.commercialsearch.com\/news\/barings-buys-creative-office-campus-for-151m\/\">Barings paid $150.7 million<\/a> for a creative office campus in West Los Angeles. Clarion Partners sold the property totaling 306,809 square feet.<\/p>\n\n\n\n<p>At the end of June, Sunny Hills Management Co. purchased a 462,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/sunny-hills-buys-la-office-campus\/\">office campus in Culver City, Calif<\/a>. Newmark brokered the deal. \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This asset previously traded in 2019 as part of a $193 million portfolio transaction. <\/p>\n","protected":false},"author":3749,"featured_media":1004768604,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,1594,21742,21747,15],"tags":[35498,32796,32779,34208],"class_list":["post-1004768602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-los-angeles","category-latest","category-office","category-west","tag-colliers","tag-jll","tag-leed","tag-swift-real-estate-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Swift Sells Los Angeles-Area Office Building - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Swift Real Estate Partners sold an office building at 790 E. 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