Newmark Arranges $27.2M Sale of R&D Facility in El Segundo, California
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
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On the RET wire
- Disclosed office deal value tracked in August 2026: $17.1B across 72 reported transactions. All Office coverage →
- 90 stories mentioning Newmark on the wire in the past 90 days. Newmark coverage →
Computed from Real Estate Trail’s own tracked coverage
EL SEGUNDO, CALIF. — Newmark has brokered the sale of a mission-critical research-and-development (R&D) office facility in El Segundo. Hackman Capital Partners sold the asset to Majestic Realty for $27.2 million, or $…
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