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Downtown lease.


Another law firm, Hill Farrer & Burrill LLP LLP - Lower Layer Protocol , has signed a 10-year lease renewal for about $12 million to remain at Maguire's One California Plaza One California Plaza is part of a downtown Los Angeles commercial and cultural complex which also includes the MOCA (Los Angeles Museum of Contemporary Art), the Los Angeles Omni Hotel, Two California Plaza and the Watercourt[1]. .

The deal for 36.623 square feet of space in the Class A building breaks down to about $2.73 per square foot per month.

"We looked at other options in Class A buildings," said Hammerstein of CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  Group, who represented the law firm in the transaction. "But their space is pretty efficient and they like the building."

The deal closed in late May. According to according to
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 Hammerstein, the law firm plans some cosmetic upgrades.

One California Plaza is located at 300 S. Grand Ave.

Bay and Bender of CB Richard Ellis Group also represented the law firm. Wrobel represented Maguire in-house.

Staff reporter Daniel Miller can be reached at dmiller@labusinessjournal.com or (323) 549-5225, ext. 263.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
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Article Details
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Title Annotation:REAL ESTATE
Author:Miller, Daniel
Publication:Los Angeles Business Journal
Date:Jun 25, 2007
Words:143
Previous Article:Building sold twice during lease renewal negotiations: law firm signs $13 million deal at two California Plaza.(TRANSACTION)
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