The Los Angeles County Board of Supervisors on Wednesday approved the county's purchase of the Gas Company Tower, one of downtown L.A.'
The Los Angeles County Board of Supervisors on Wednesday approved the county's purchase of the Gas Company Tower, one of downtown L.A.'s most prominent skyscrapers, paving the way for the transfer of thousands of workers and public services out of the city's civic center. With a 4-1 vote, the supervisors gave county officials the final green light to move ahead with buying the tower for $200 million.
' In recent years, the downtown office market has turned against landlords as many tenants reduced their office footprint in response to the COVID-19 pandemic, when it became more common for employees to work remotely.
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