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Among them was 55-story Gas Company Tower, which sold last year to the County of Los Angeles for $200 million, far less than its appraised value of $632 million in 2020.
[42] [43] In November, the group unveiled their proposal to build four high-rise residential towers on the two blocks, including two 240-foot-tall (73 m) towers over the Seattle Times Building. [44] The building's landmarked facades are planned to be preserved and restored, and used as a retail podium with a rooftop plaza.
The county of Los Angeles has tentatively agreed to buy the prominent office skyscraper near the historic Millennium Biltmore Hotel for $215 million in a foreclosure sale that could take months to ...
The tower opened with only 30 percent of its space leased and overall vacancy rates in downtown office space neared 25 percent. [7] It was nearly 10 years before significant tall buildings were completed again in downtown Los Angeles. California Plaza was originally planned to include 3 high rise tower office buildings instead of the two completed.
Originally envisioned as two towers, the taller of which would have been 1,250 feet (380 m) tall, the complex is now a single 1,100-foot (335 m), 73-story tower consisting of the 889-room InterContinental Los Angeles Downtown hotel, retail, observation deck and office space.
Los Angeles County has agreed to buy the Gas Company Tower, center, one of the most prominent office skyscrapers in downtown Los Angeles, for $215 million in a foreclosure sale. (Myung J. Chun ...
The boom of the 1980s was capped by the Columbia Center and other downtown towers such as 1000 Second Avenue (1987), 1201 Third Avenue (1988), the Pacific First Centre (1989) and the Gateway Tower (1990), [2] [15] with new downtown office space in the decade surpassing what had been built over the previous 100 years in Seattle. [23]
Promenade Towers, a large complex in Bunker Hill, issued 371 eviction notices from late January through July. (Gary Coronado/Los Angeles Times)