OfficeAnnouncedacquisition

Figueroa at Wilshire

601 S. Figueroa St., Los Angeles, CA·Feb 27, 2026, 5:00 PM

Deal Size

$210.0M

Cap Rate

Est. 6.65%

$/SF

—

Size

—

Occupancy

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Market Signal

Uncommon Developers acquired the iconic Figueroa at Wilshire office tower in Downtown LA.

Buyer Strategy

Uncommon Developers acquired a trophy asset in Downtown LA, signaling a focus on high-quality, potentially repositionable office assets in core markets.

Seller Motivation

Seller motivation not disclosed.

Market Signal

The $210 million sale price ($201 PSF) sets a significant benchmark for trophy office assets in Downtown LA, despite broader market softness.

Parties

BuyerUncommon Developers →

Broker

Colliers

Location Analysis

Gateway Market

Risk Factors

The asset is a trophy office tower in Downtown LA, which faces significant uncertainty regarding long-term office occupancy and valuation trends.

High

Acquisition by a developer suggests potential repositioning or long-term hold strategy to mitigate immediate market headwinds.

Market Comparables

Bank of America Plaza

Los Angeles · Office · acquisition

$210.0M6.65% cap

Bank of America Plaza

Los Angeles · Office · acquisition

$400.0M10.00% cap

TCW Tower

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$92.5M9.00% cap

111 W. Ocean Blvd.

Los Angeles · Office · acquisition

$80.0M9.00% cap