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Real Estate

May 6, 2003

Office Icon No Longer

BY MICHAEL GOTTLIEB CREJ Assignment Editor LOS ANGELES - Transamerica Center Tower, a symbol of past expectations unfulfilled in the growth of downtown Los Angeles' financial district, has a new owner and a new opportunity for vitality.

BY MICHAEL GOTTLIEB
CREJ Assignment Editor

LOS ANGELES - Transamerica Center Tower, a symbol of past expectations unfulfilled in the growth of downtown Los Angeles' financial district, has a new owner and a new opportunity for vitality.

The Canyon-Johnson Urban Fund LP joined forces with New Pacific Realty Corp. to acquire the tower and two adjacent mid-rise office buildings in downtown's South Park area for an estimated $100 million...

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