1 Day
Source:
Los Angeles Times
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Capital Group acquires Bunker Hill Tower
Capital Group has completed a $210 million purchase of the Bank of America Plaza in downtown Los Angeles, where it has been a longstanding tenant and now becomes the building’s owner. The 55-story office tower, completed in 1974 and located at 333 S. Hope St., was previously owned by Brookfield Properties, which defaulted on a $400 million loan. This transaction marks the largest office sale in Los Angeles in 2026 and reflects a trend of large tenants buying properties amid declining office values and increased interest from institutional and public sector buyers. Capital Group plans to consolidate its Los Angeles workforce in the building, aiming to create a “vertical campus” for its employees.
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