Swift sells more Pasadena offices at nearly 50% discount

Another Pasadena office building has traded hands for significantly less than its previous sale price.  State Compensation Insurance Fund purchased 35 North Lake Avenue in Pasadena for approximately $33 million, L.A. Business First reported, citing a source close to the deal.  Swift Real Estate Partners, which sold the building, acquired the 159,000-square-foot property in 2019 for roughly $58 million. At the time, Swift bought the building as part of a larger portfolio in Pasadena including 155 North Lake Avenue and 790 East Colorado Boulevard, which the San Francisco-based firm acquired for a total of $193 million.  Swift will continue to […]This article originally appeared on The Real Deal. Click here to read the full story.