Downtown LA High Rise Leaves Financial District for Historic Downtown Los Angeles!

Mark Lacter, over at LA OBSERVED, yesterday observed - without comment - that the Los Angeles Business Journal is reporting the office tower at 601 S. Figueroa has just moved itself from the Financial District to the Historic Core (aka - Historic Downtown Los Angeles) neighborhood. Blair Besten, head of the Historic Downtown Los Angeles BID, has not yet returned a phone call on how the HDLA BID managed to pull off this stunning historic event.

The loss of the large occupant is another setback for MPG, which has seen a number of its tenants move out or downsize as it struggles with $1.9 billion in debt and the possible sale of its portfolio. The move is a blow to the Bunker Hill neighborhood, too, coming on the heels of accounting firm PricewaterhouseCoopers LLP's announcement that it would move its 135,000-square-foot requirement to the Historic Core's 601 Figueroa St. from Bunker Hill's 350 S. Grand.

Another blow for L.A.'s Bunker Hill

www.laobserved.com

Accounting giant KPMG will move out of its Grand Street offices later this year, choosing instead a Hope Street location that's closer to L.A. Live. Other professional firms are doing the same.