REIT buys L.A. office building

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Grubb & Ellis Co. represented 601 Hawaii LLC, a Los Angeles-based private investment trust, in the purchase of a 50,751-square-foot office building in El Segundo, Calif. The transaction was valued at $13 million. The single-story, concrete and steel structure, which was built in 2003, is located at 601 Hawaii St. The property, which was sold by Newport Beach-based CT Realty Corp., was 100 percent leased at the time of sale. Grubb & Ellis, which also represented the seller in the transaction, is a provider of integrated real estate services. *** What's your opinion? Send your Letter to the Editor to