Three Years After Pandemic’s Start, Some LA Towers Face Foreclosure The 52-story, 777 Figueroa St. tower in Los Angeles is one of roughly a handful of larger downtown office spaces facing distress. (CoStar) By Jack WitthausCoStar NewsMarch 19, 2023 | 1:25 P.M. Keeping a major tenant came at a cost for a high-profile office owner in […]
Google Parent Prepares To Take $500 Million Hit in Move To Drop Unwanted Office Space
Alphabet Says It Aims To “Optimize Global Footprint” in Move To Curb Expenses Google parent company Alphabet Inc. is reducing its real estate footprint, joining other tech giants around the world. (Getty Images) By Katie BurkeCoStar NewsFebruary 2, 2023 | 3:19 P.M. Google parent Alphabet Inc. is the latest Silicon Valley tech giant willing to pay […]
Los Angeles ‘Mansion Tax’ Shakes Up Commercial Property Sales
Levy on Real Estate Deals Over $5 Million Takes Effect in April The roughly 685-unit Thea at Metropolis in downtown Los Angeles at 1000 W. 8th St. sold for $504 million in November 2022. A $27.2 million transfer tax would have been levied on the seller had it sold after a new measure takes effect […]
