Silverstein Properties has made its first acquisition in Los Angeles, and it’s an iconic one. The New York-based developer is the confirmed “institutional purchaser” that’s paying $430 million for Downtown LA.’s US Bank Tower, according to the Los Angeles Times. Singapore-based investment management firm OUE Limited announced the sale agreement last week without disclosing the buyer, and the deal is expected to close in September. The sale price is a 34-percent discount from the OUE’s
source https://therealdeal.com/2020/07/21/silverstein-properties-confirmed-as-buyer-of-us-bank-tower/
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