Prøve GULL - Gratis
Amid L.A.’s office lease woes, a tower goes into receivership
Los Angeles Times
|September 03, 2025
A financially troubled skyscraper in downtown Los Angeles has gone into receivership as office landlords there struggle to keep their buildings leased.
THE STAIRS at Angels Flight in downtown Los Angeles lead to California Plaza and the 42-story tower.
One California Plaza — the gleaming 42-story tower on Bunker Hill that was one of the most prestigious addresses in the city when it opened in the 1980s — has dropped 74% in value from its market peak.
Earlier this year, the owners defaulted on their $300-million debt, set to mature in November, and faced foreclosure.
At the request of lenders, a judge appointed Trigild, a receivership service, to take control of the 1-million-square-foot property, the Real Deal reported.
One California Plaza is appraised at $121.2 million, down from $459 million in 2013, according to a Morningstar Credit report, real estate data provider CoStar said.
Denne historien er fra September 03, 2025-utgaven av Los Angeles Times.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Los Angeles Times
Los Angeles Times
Hats off to Dodgers, Blue Jays and a World Series for the ages
I have been a die-hard baseball fan for more than 60 years, and this year's Dodger team is the toughest, gutsiest and most resilient team I have ever seen.
3 mins
November 09, 2025
Los Angeles Times
Feds press states to OK terms for Colorado River
Negotiators for seven Western states are under mounting pressure to reach an agreement outlining how they plan to share the Colorado River’s dwindling water.
4 mins
November 09, 2025
Los Angeles Times
Cleaner is shot after going to wrong house
Authorities are considering whether to charge an Indiana homeowner who they say shot and killed a woman working as a house cleaner after she mistakenly went to the wrong address.
2 mins
November 09, 2025
Los Angeles Times
Environmental advocates say port pact lacks accountability
Many environmental advocates voiced disappointment, saying the agreement doesn’t contain specific pollution reduction requirements.
3 mins
November 09, 2025
Los Angeles Times
Trump shifts focus to tax cuts, drug prices after elections
Inflation is a weakness for the GOP as voters said last week that the economy is a worry.
4 mins
November 09, 2025
Los Angeles Times
Heat of the moment
A BEDROOM FIRE - NOT THAT KIND - CHANGED OUR PLANS
5 mins
November 09, 2025
Los Angeles Times
Supreme Court blocks order for government to cover food stamps
The Supreme Court temporarily blocked an order late Friday night that would have forced the government to backfill the country’s largest anti-hunger program—a move the administration claimed would require it to “raid school-lunch money” to keep families fed.
3 mins
November 09, 2025
Los Angeles Times
A collision of culture and cool
WHAT TO DO, SEE AND EAT IN THE NORTHEAST GEM THAT IS HIGHLAND PARK
23 mins
November 09, 2025
Los Angeles Times
Dodgers fans send love to ‘Sick Kids’
A Toronto pediatric hospital receives surge of donations in sign of goodwill after Series.
2 mins
November 09, 2025
Los Angeles Times
Fl’s Norris takes sprint race, pole
It’s shaping up to be abig weekend for Formula One leader Lando Norris, and a frustrating one for four-time champion Max Verstappen.
1 min
November 09, 2025
Listen
Translate
Change font size