Newmark Group Inc. has successfully facilitated the sale of the i|o at Playa Vista, a creative workplace campus in Playa Vista, California, for $150.7 million. This transaction marks the highest sale price in Los Angeles for the year to date. The 306,809 square-foot campus, known for its collaborative indoor/outdoor spaces and distinct architectural design, was sold to Barings. The sale underscores a strong recovery in the office sector, with institutional investors showing robust interest. The property, strategically located with access to major highways and amenities, has maintained an occupancy level of over 90% since its redesign in 2016 and has attracted new leasing at market-leading rates, highlighting its tenant appeal.