Pendulum, Landrock buy 505 North Brand Boulevard for $56M

Pendulum Property Partners and Chicago-based Landrock snapped up a discounted 15-story office building in Glendale, The Real Deal has learned. The partners paid about $56 million, or roughly $170 per square foot, to buy 505 North Brand Boulevard from Cruzan and Goldman Sachs Private Real Estate, according to sources with knowledge of the deal and […]This article originally appeared on The Real Deal. Click here to read the full story.