Multiple Office Buildings Sold Pasadena, Houston, Tacoma

Several notable office building sales have recently occurred across major U.S. cities, reflecting ongoing shifts in the commercial real estate market. In Pasadena, JLL Capital Markets facilitated the sale of 790 East Colorado Blvd., a 146,000-square-foot LEED-Gold certified office building that is 70% leased and features modern amenities, to a buyer represented by Barak Investors Group. Similarly, Houston's 801 Travis building, a 222,192-square-foot tower with 45% occupancy, was sold by JLL Capital Markets to a private investor, signaling opportunities for investment at reset values in evolving office markets. In Tacoma, Washington, Lee & Associates brokered the sale of a 24,131-square-foot office building to Washington Trust Bank, which plans to occupy part of the property and lease the remainder, enhancing downtown Tacoma's commercial activity. These transactions highlight active investment interest in office properties located in strong submarkets with relatively low vacancy rates, despite broader challenges in the office sector. The market dynamics suggest buyers are targeting properties that offer potential for repositioning and tenant growth amid an evolving demand landscape.