Menlo Equities Affiliate Pays $15.75MM, or $1,221 PSF, for Downtown Palo Alto Office

A small downtown Palo Alto office building just traded at a price per square foot that ranks among the highest paid for office space anywhere in the country, underscoring how scarce and valuable ground-floor commercial real estate has become in Silicon Valley's most expensive submarket. An affiliate of Menlo Equities has acquired the office building […]