Private Equity
The firm just closed on a two-building portfolio to a joint venture between Douglas Emmett Inc. and the Qatar Investment Authority for $352.8 million, CoStar data show. One of the properties, the 205,700-square-foot Wilshire Palisades building at 1299 Ocean Avenue, traded for north of $1,300 per square foot, sources said, breaking the price-per-foot record in Santa Monica that was held by Oracle&rsquo;s&nbsp;<a data-saferedirecturl="https://www.google.com/url?hl=en&amp;q=https://therealdeal.com/la/2016/11/10/oracle-in-contract-to-buy-2700-colorado-in-santa-monica-for-368m-sources/&amp;source=gmail&amp;ust=1493349052391000&amp;usg=AFQjCNEsziWWqdiGYgrWe8KtzF6mzOL5xQ" href="https://therealdeal.com/la/2016/11/10/oracle-in-contract-to-buy-2700-colorado-in-santa-monica-for-368m-sources/" target="_blank">purchase of 2700 Colorado</a>&nbsp;late last year.