BUSINESS
November 14, 1989 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
The stately Biltmore hotel and office complex in downtown Los Angeles is being sold for a reported $219 million to Japanese investors, it was revealed Monday. Biltmore Partners, a limited partnership, agreed to sell the Biltmore Plaza to T.A.T. Los Angeles Ltd., a partnership that real estate sources say is composed of two large, low-profile Japanese companies that own more than $1 billion worth of properties in Hawaii and California.