Arden Realty, the largest office landlord in Los Angeles County, said it had acquired an office complex in San Diego and agreed to buy a Wilshire Boulevard property in transactions valued at $278 million.
The Los Angeles-based real estate investment trust paid Credit Suisse First Boston and a partner $185 million for Sorrento Mesa Corporate Center, four office buildings totaling 555,000 square feet with a 54,000-square-foot retail center in northwestern San Diego.
