Monday, March 11, 2013

Sold: U.S. Bank Tower

According to an article published by Bloomberg today, Singapore based Oversea Union Enterprise, a real estate firm, has agreed to purchase the U.S. Bank Tower, the west's tallest building (that is, until construction on the new Wilshire Grand is complete), from MPG Office Trust Inc.  Interestingly enough, while the local economy is improving, Reuters reports that the sale may have been due to financial hardship.


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