Palo Alto Building Sells for First Time in Four Decades, Exceeds $900 a Square Foot

By Jon Peterson Palo Alto-based C.M. Capital Corp. has paid in excess of $900 a square foot to buy a downtown Palo Alto office building a stone’s throw from its current offices. Three sources with knowledge of the transaction said the investor bought 550 Hamilton Ave., an approximately 36,000-square-foot office building between Cowper and Webster […]