La Jolla-based Equus Realty Advisors is ramping up its acquisitions as a result of "promising buying opportunities" as a result of eroded demand for office and industrial space.
The company specializes in the acquisition, management and redevelopment of financially distressed commercial properties. Equus is in escrow or late negotiations to acquire nearly 1 million sf throughout the western U.S.
Equus President Chad Carpenter attributes the expanded availability of property to sellers dropping prices to "market-clearing" levels.
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