LADWP Proposes $92.5MM Acquisition of 719,000 SQFT TCW Tower From Manulife US REIT in Downtown Los Angeles

The municipal utility's deal to purchase the half-vacant South Park high-rise at $129 per square foot adds to a growing pattern of government entities stepping in as anchor buyers in a distressed DTLA office market. The Los Angeles Department of Water and Power has proposed acquiring the 35-story office tower at 865 South Figueroa Street […]