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Equity Office Holdings Company

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August 28, 1996 | JESUS SANCHEZ, TIMES STAFF WRITER
An investment group led by real estate magnate Sam Zell on Tuesday announced the purchase of one of the largest skyscrapers in downtown Los Angeles--at a price believed to be a small fraction of what it cost to construct the 52-story building in 1992. The buyer of Two California Plaza is a real estate investment fund managed by Zell's Equity Office Holdings, which buys primarily distressed properties at bargain prices.
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BUSINESS
August 28, 1996 | JESUS SANCHEZ, TIMES STAFF WRITER
An investment group led by real estate magnate Sam Zell on Tuesday announced the purchase of one of the largest skyscrapers in downtown Los Angeles--at a price believed to be a small fraction of what it cost to construct the 52-story building in 1992. The buyer of Two California Plaza is a real estate investment fund managed by Zell's Equity Office Holdings, which buys primarily distressed properties at bargain prices.
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