Nuveen takes haircut from pre-pandemic price on Brea office building

Another Orange County office building has traded hands for less than its pre-pandemic sale value.  The Whittier Comstock LLC, a subsidiary of Orange County-based MW Investment, purchased the Fairway Center II building at 675 Placentia Avenue in Brea for nearly $28 million, L.A. Business First reported.  Nuveen offloaded the 135,300-square-foot property a decade after buying it in 2016 for $33.8 million. The deal did not include Fairway Center I, the adjacent office building owned by Dollinger Properties.  The Fairway Center II building rises three stories and was 70.5 percent leased at the time of sale. The Orange County government leases […]

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