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March 24, 2001 | BRAD BERTON, SPECIAL TO THE TIMES
A Texas real estate investment group is set to purchase a landmark downtown Los Angeles high-rise in partnership with local landlord Hertz Investment Group, according to sources close to the negotiations. An affiliate of Dallas-based Skyrise Properties is under contract to purchase Union Bank Plaza for about $89 million, knowledgeable sources confirm.
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BUSINESS
March 24, 2001 | BRAD BERTON, SPECIAL TO THE TIMES
A Texas real estate investment group is set to purchase a landmark downtown Los Angeles high-rise in partnership with local landlord Hertz Investment Group, according to sources close to the negotiations. An affiliate of Dallas-based Skyrise Properties is under contract to purchase Union Bank Plaza for about $89 million, knowledgeable sources confirm.
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