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Greater Los Angeles Starts Year With Reduced Commercial Real Estate Sales

Rising Interest Rates, Tighter Purse Strings Cool Deal Flow
The Angelene Apartments at 915 N. La Brea Ave. in Los Angeles sold this month. Sales prices have been falling in Los Angeles as interest rates rise, lending tightens and the start of a transfer tax increase approaches. (CoStar)
The Angelene Apartments at 915 N. La Brea Ave. in Los Angeles sold this month. Sales prices have been falling in Los Angeles as interest rates rise, lending tightens and the start of a transfer tax increase approaches. (CoStar)
CoStar News
March 28, 2023 | 8:22 P.M.

It's been a cold start to the year for commercial real estate sales in greater Los Angeles, the nation's second most-populous market, in another sign of slowing across the industry.

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