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Iconic Downtown LA Tower to Sell at Discount to Manhattan Firm

Price Influenced by Coronavirus, Sleepy Downtown Office Market
In 2013, Singapore-based Overseas Union Enterprise bought the U.S. Bank Tower in downtown Los Angeles as a reposition play. (CoStar)
In 2013, Singapore-based Overseas Union Enterprise bought the U.S. Bank Tower in downtown Los Angeles as a reposition play. (CoStar)
By Clare Kennedy
CoStar News
August 4, 2020 | 3:34 P.M.

New York City real estate heavyweight Silverstein Properties has agreed to buy one of the tallest buildings in California at a price that is a third less than its fair market value.

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