Los Angeles County agrees to buy downtown skyscraper
Los Angeles County agrees to buy downtown skyscraper
www.latimes.com
Los Angeles County agrees to buy downtown skyscraper
L.A. County has agreed to buy the Gas Company Tower, a prominent office skyscraper in downtown L.A., for $215 million in a foreclosure sale.
The county of Los Angeles has tentatively agreed to buy the Gas Company Tower, a prominent office skyscraper in downtown Los Angeles, for $215 million in a foreclosure sale.
The price is a deep discount from its appraised value of $632 million in 2020, underscoring how much downtown office values have fallen in recent years.