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quity Commonwealth, led by David Helfand, reported a $50.2 million loss following the sale of two Austin-area office properties as part of its corporate wind-down process after founder Sam Zell's death last year. The Chicago-based REIT sold the 616,000-square-foot portfolio to Marbella Interests for $64.5 million, or approximately $105 per square foot. JLL brokered the sale, which included three office buildings: Bridgepoint Square and Capitol Tower.

    Bridgepoint Square, a two-building complex acquired by Equity Commonwealth in 2022, is appraised at $86.8 million, while Capitol Tower, with 69.4% occupancy, is valued at $76.8 million. The company is liquidating its assets after investor calls to return capital to shareholders. With nearly $2.2 billion in cash reserves as of March, Equity Commonwealth has sold several office holdings, including the Austin portfolio and a Washington D.C. property. One remaining asset is 17th Street Plaza in Denver, spanning 709,000 square feet.