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California  + Los Angeles  + Office  | 

Glendale Office Tower Trades to Pendulum and Landrock

Newmark arranged the sale of 505 N. Brand Blvd., a 329,431-square-foot, recently renovated Class A office tower located in Glendale. The property sold for an undisclosed amount.

Co-head of U.S. Capital Markets Kevin Shannon, vice chairmen Ken White, Rob Hannan, Michael Moll and Laura Stumm, executive vice chairman Kevin Donner, managing director Ben Lushing and director Alex Beaton represented the undisclosed seller.

The buyer is a partnership between Landrock LP and Pendulum Property Partners. Newmark co-president, Global Debt & Structured Finance Jonathan Firestone, vice chairman Blake Thompson and director Henry Cassiday led market financing alternatives throughout the sales process.

“Pendulum and Landrock’s acquisition represents a broader trend of institutional operators and capital re-entering the office sector for best-in-class product,” said Shannon. “There is more conviction that 2025 office product will be a good vintage, similar to 2009.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition