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Office Tower Partnership Ii

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April 10, 1995 | Times Staff and Wire Reports
Bank Takes Over Los Angeles Skyscraper: Citibank said it has foreclosed on Two California Plaza, a 52-story high-rise in Downtown Los Angeles. The owners of the 1.27-million-square-foot building, Office Tower Partnership II, and its management company could not be reached for comment. But Los Angeles redevelopment officials said the 5-year-old building atop Bunker Hill suffered from low occupancy rates and large debt payments. Citibank had no comment about plans for the building.
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BUSINESS
April 10, 1995 | Times Staff and Wire Reports
Bank Takes Over Los Angeles Skyscraper: Citibank said it has foreclosed on Two California Plaza, a 52-story high-rise in Downtown Los Angeles. The owners of the 1.27-million-square-foot building, Office Tower Partnership II, and its management company could not be reached for comment. But Los Angeles redevelopment officials said the 5-year-old building atop Bunker Hill suffered from low occupancy rates and large debt payments. Citibank had no comment about plans for the building.
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