Capital Group Acquires Bunker Hill Skyscraper
Los Angeles-based Capital Group has completed its $210 million purchase of Bank of America Plaza at 333 S. Hope St., a prominent downtown office skyscraper where it was previously an anchor tenant. The acquisition reflects broader trends in the commercial real estate market, as tenants increasingly buy properties amid declining values due to pandemic-related shifts and remote work adoption.
Topics: Bank of America Plaza Bunker Hill skyscraper Capital Group Los Angeles real estate