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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. The Los Angeles–based architectural firm, A.C. Martin Partners ...
California Plaza was a ten-year, $1.2 billion project. Started in 1983, the Two California Plaza tower was completed in 1992 during a significant slump in the downtown Los Angeles real estate market. The tower opened with only 30 percent of its space leased and overall vacancy rates in downtown office space neared 25 percent. [7]
It has about 1.4 million square feet of space on a 1.4-acre site at the base of Bunker Hill. ... Office vacancy in downtown Los Angeles was more than 30% in the second quarter, ...
Ground was broken for One Wilshire in 1964, and the building was completed in 1966 [2] at 624 South Grand Avenue in downtown Los Angeles, on the far eastern end of Wilshire Boulevard. [ 3 ] [ 4 ] The high-rise was designed by Skidmore, Owings and Merrill [ 4 ] and built by Del E. Webb Construction [ 9 ] to be a standard office building [ 2 ...
OUE, a Singapore-listed company run by Indonesian billionaire Stephen Riady, acquired the tower and other related assets for $367.5 million. OUE acquired the 72-floor office building, the adjacent Maguire Gardens park, and a parking lot from a unit of Los Angeles–based real-estate investment trust MPG Office Trust Inc. [10] [11]
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