CBRE Global Picks Up Mellon Bank Center in L.A.

CBRE Global Investors purchased the Mellon Bank Center, a 701,535-square-foot office building at 400 S. Hope St. in downtown Los Angeles, from an investment entity listed as 400 S. Hope Street Associates. The price was not disclosed.

Tishman Speyer acquired the asset for $ 245 million or $ 349 per square foot in September 2005, according to CoStar Group information.

The 26-story office tower was built in 1982 in the Bunker Hill area. O’Melveny…
National Commercial Real Estate News From CoStar Group