Newmark Completes Sale of 575,976-Square-Foot Torrance Technology Campus in Los Angeles’ South Bay Market

LOS ANGELES, Aug. 24, 2021 /PRNewswire/ — Newmark1 announces it has arranged the sale of Torrance Technology Campus, a five-building, 575,976-square-foot technology campus situated on 27 acres in the heart of Los Angeles’ South Bay. The total consideration was approximately $182 million.

3100 Lomita Boulevard, part of Torrance Technology Campus, image courtesy of Newmark

Newmark’s Co-Head of U.S. Capital Markets Kevin Shannon, Senior Managing Director Scott Schumacher and Executive Managing Director Ken White represented the seller, Torrance FRM LLC. The buyer, Rexford Industrial, was self-represented.

“This 27-acre industrial-zoned parcel in Torrance provides inherent long-term value with scale that is nearly impossible to replicate in this mature infill market,”

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Here are the most in-demand job skills in South Africa right now

In July, demand for labour decreased by 6% while job search activity showed no significant change, new data from job search specialists CareerJunction shows. The group’s CJI settled at 94 index points, indicating increased competition in the job search market.

The CareerJunction Index (CJI) represents online labour dynamics in the country by providing a detailed analysis of the relative ratio of supply and demand in the online job market.

It is based on the analysis of data gathered from the CareerJunction website – where around 3,000 of the country’s top recruiters advertise their positions to millions of registered job seekers.

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