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L.A. commercial property landlord Evoq is sold for $357.4 million

Los Angeles commercial property landlord Evoq Properties Inc. has agreed to be sold for $357.4 million to a group of investors led by Atlas Capital Group of New York. Evoq owns several downtown Los Angeles properties including vacant land ripe for residential development and Alameda Square, a vast historic industrial complex near Alameda Street and Olympic Boulevard that is gradually being converted to offices for tenants in creative fields. Evoq stockholders are to receive $12.96 a share in the sale, expected to close in October. The transaction has been approved by the Evoq board of directors and its majority stockholder, Mmpi Acquisition, a venture formed in 2011 by Mount Kellett...

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