Who Owns That Big Ol' Building?
So, you're staring up at the U.S. Bank Tower in Los Angeles, huh? That imposing skyscraper, scraping the sky like a really tall, ambitious beanstalk. You're probably wondering, "Who on Earth owns this colossal chunk of concrete and glass?" Well, buckle up, because we're about to dive into the murky waters of real estate ownership.
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| Who Owns Us Bank Building In Los Angeles |
It Used to Be a Bank's Baby
Let's start with the obvious. The name "U.S. Bank Tower" might lead you to believe that, well, U.S. Bank owns it. You're half-right. It used to be their pride and joy, their shining beacon in the City of Angels. But just like your ex who found someone new, the bank decided to move on and sell its towering love child.
QuickTip: Slow scrolling helps comprehension.
A Singaporean Surprise
Enter OUE, a Singaporean real estate giant. They swooped in like a property-hungry eagle and snatched up the U.S. Bank Tower in 2013. Yep, that's right. A building in the heart of Los Angeles is owned by a company from Singapore. Who would've thought? It's like finding a kangaroo in your backyard.
QuickTip: Look for patterns as you read.
A New York Minute
But hold your kangaroos, because there's another twist to this tale. In 2020, Larry Silverstein, the man behind the World Trade Center, decided he wanted a piece of the LA skyline. He forked over a cool $430 million for the U.S. Bank Tower. So, as of now, a New Yorker is the boss of that big LA building. It's like borrowing your neighbor's car and driving it across the country.
QuickTip: Reflect before moving to the next part.
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The Building's Got a Glow-Up
Silverstein isn't just sitting on his skyscraper throne, though. He's invested a whopping $60 million in renovations. The building's getting a makeover, and it's going to be fly. Think fancy amenities, modern offices, and maybe even a rooftop pool. We're talking transformation, people. It's like giving your old bedroom a complete overhaul.
QuickTip: Let each idea sink in before moving on.
So, to recap: The U.S. Bank Tower has gone from being a bank's baby to a Singaporean investment, and now it's a New York-owned renovation project. Talk about a rollercoaster of ownership!
How To...
- How to feel small: Stand at the base of the U.S. Bank Tower.
- How to impress your friends: Drop some knowledge about the building's ownership history.
- How to become a real estate mogul: Start saving money, or win the lottery.
- How to visit the top of the tower: Check for public observation deck hours.
- How to avoid getting lost in the building: Use the elevators wisely.
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