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National Western Life Group, Inc. Message Board

  • bbarberayr bbarberayr Mar 7, 2013 9:32 PM Flag

    NWLI Tidbit - Building Sale

    Not really big news, but thought I would mention:

    National Western Life Insurance Company sold the Bixby Office Park at 3010-3030 Old Ranch Pky in Seal Beach, CA to Parallel Capital Partners for $85 million, or about $307 per square foot.

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    • I did a Yahoo search about the Bixby Office Park Sale on Yahoo and it appears that the sale took place in February of 2013. My GUESS is that the sale would result in a pretty good gain but I have no idea of the amount. If my assumption is correct, NWLI may have a nice gain to add to the operating results for the first quarter of 2013.

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