12 Hrs
Source:
Los Angeles Times
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Downtown L A's The Bloc for Sale
The Bloc, a large mixed-use complex in downtown Los Angeles, is for sale amid signs of recovery in the commercial property market. The property includes office space, a hotel, and retail stores, with an estimated value of around $160 million for the office and retail portion. Developers have secured city approvals to build a 41-story residential tower and add digital signage, presenting potential for future growth. The sale follows years of decline and renovation efforts, with the vacancy of the former Macy’s store seen as an opportunity for new development.
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