Los Angeles County agrees to buy downtown skyscraper (www.latimes.com)

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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.

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[-] [email protected] 1 points 1 month ago

I think they should impound that unfinished Chinese tower with the graffiti and hire homeless people to make it into homeless housing.

this post was submitted on 02 Aug 2024

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