Long Beach High-rise Sells at $45-million Discount Despite 'Mesmerizing' View

August 8, 2015

One of the biggest office buildings in Long Beach, One World Trade Center, has sold at a steep discount to Orange County developers who plan to renovate the oceanfront high-rise and seek additional tenants for it.

Greenlaw Partners, which specializes in turning around troubled properties, bought the 27-story tower on Ocean Boulevard for about $105 million, far less than its last owners paid for it during the last real estate boom.

Read more at: http://www.latimes.com/business/realestate/la-fi-0808-long-beach-trade-center-20150808-story.html