State Bar & Bar Associations
Oct. 11, 2012
New State Bar building in Los Angeles will cost $50 million
The State Bar will pay $50 million to buy a new headquarters building in downtown Los Angeles, mostly in cash. The deal could eventually boost funding for legal services.
Daily Journal Staff Writer
The State Bar will pay $50 million for its new headquarters building in downtown Los Angeles, primarily in cash, including about $28 million from the upcoming sale of a parking lot the bar owns near the Staples Center.
In a meeting laying out deal details for the State Bar Board of Trustees last week, president Jon M. Streeter said the purchase also may free up money the bar could give to legal...
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