Comcast Buys Universal City Tower For $420M

With an eye toward consolidating its Los Angeles-area operations, Comcast Corp. has purchased 10 Universal City Plaza, the tallest office building in the San Fernando Valley, for its NBCUniversal division. Comcast’s NBCUniversal unit is the largest tenant at the property, which sold for about $420 million, according to three sources with knowledge of the matter.

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