Press Release

CBRE ANNOUCES LEASE TO GLOBAL ARCHITECTURE FIRM AT ICONIC DOWNTOWN LA BUILDING

31 5月 2018

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CBRE announced the lease to California and Shanghai-based architecture firm Steinberg Hart Architects in downtown Los Angeles.

CBRE’s Chris Caras, Phillip Sample, Brad Chelf, Brandon Bank and Taylor Watson represented the landlord, Downtown Properties, an associate of Gaw Capital. The tenant, a wellestablished architecture, urban planning, and interior design firm, was represented by John Eichler of Cushman and Wakefield.

The property, 818 W. 7 th Street, is a BOMA Building of the Year award winner, and is located across the street from the new Wilshire Grand. The 12-story structure, which was constructed in 1924 and renovated in 2016 and 2018, features several of the original historic elements, exposed brick with concrete floors, ceilings, and columns. Earlier this month, the Los Angeles Football Club (LAFC) signed a new 25,000 square-foot lease at the property.

“This is yet another deal that speaks to the evolution of Downtown LA,” said Caras. “Its walkability and amenity-rich environment continue to attract a variety of tenants.”

Added Eric Bender, executive vice president of asset management at Downtown Properties, "We are excited to welcome Steinberg Hart to our growing roster of high profile companies, joining LAFC, Gaw Capital, many others. Our recent lobby renovations, addition of a creative tenant lounge and game area, and under construction bicycle locker and storage room -- including shower facility -- demonstrate the building's state-of-the-art features and amenities."

 Downtown Los Angeles and surrounding neighborhoods have seen a flurry of new projects and redevelopment of existing buildings across all neighborhoods, including the historic core, the financial district and South Park. Since 1999, Downtown has received more than $7.3 billion in residential, $1.2 billion in arts & entertainment, and $2.6 billion in civic and institutional investments.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.