The end of Hahn Hall? L.A. County takes first step to buy Gas Company Tower
Briefly

from Los Angeles Times2 months ago
L.A. County is taking steps to purchase Gas Company Tower for up to $200 million amidst concerns regarding existing county facilities' seismic safety, especially the Kenneth Hahn Hall.
Los Angeles Timeshttps://www.latimes.com/california/story/2024-10-08/the-end-of-hahn-hall-l-a-county-takes-first-step-to-buy-gas-company-tower
Supervisor Janice Hahn raised concerns about the impact on the downtown civic center and emphasized the need for broader thinking rather than jumping on real estate opportunities.
Los Angeles Timeshttps://www.latimes.com/california/story/2024-10-08/the-end-of-hahn-hall-l-a-county-takes-first-step-to-buy-gas-company-tower
Supervisor Hilda Solis expressed the need for a practical plan before supporting the purchase, referencing past investments for seismic upgrades to the Hall of Administration.
Los Angeles Timeshttps://www.latimes.com/california/story/2024-10-08/the-end-of-hahn-hall-l-a-county-takes-first-step-to-buy-gas-company-tower
The proposed purchase price reflects a significant decrease from the building's earlier appraised value of $632 million, illustrating the decline in downtown office market value.
Los Angeles Timeshttps://www.latimes.com/california/story/2024-10-08/the-end-of-hahn-hall-l-a-county-takes-first-step-to-buy-gas-company-tower
Read at Los Angeles Times
#real-estate #los-angeles #county-government #seismic-safety #public-infrastructure
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