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A Dallas-based real estate investment trust has paid what is believed to be the highest per-square-foot price in recent history for an office building in Encino.
Basic Capital acquired the Coldwell Banker building at 16501 Ventura Blvd. for $40 million in a combination of cash and notes, sources said, which brings the cost of the 176,000-square-foot building to $227 per square foot.
“That is a huge amount of money,” said Tom Festa, a broker with Grubb
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