Thursday 17 September 2020

Korean Air eyes sale of LA’s tallest tower

The tallest skyscraper west of the Mississippi may soon be up for sale, as the Korean conglomerate that owns it struggles to shore up its finances. Korean Air is in talks with investors regarding a possible sale of the 73-story Wilshire Grand Center in Downtown Los Angeles, the Korean Economic Daily reported, citing industry sources. The property was facing a $900 million debt maturity this month. On Wednesday, Korean Air’s board decided to lend $950



source https://therealdeal.com/2020/09/17/korean-air-eyes-sale-of-wilshire-grand/

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