Bank of Hope bets on DTLA with 50K sf HQ move

Downtown Los Angeles’ office market has seen better days since the pandemic, but many companies aren’t abandoning the area entirely.  Bank of Hope, a locally based bank that serves the Korean American community, signed a lease for 50,000 square feet at the 62-story Aon Center tower at 707 Wilshire Boulevard, Commercial Observer reported. The bank is currently based at 3200 Wilshire Boulevard in Koreatown and will establish its new headquarters at the downtown Los Angeles building.  Carolwood acquired the 1.1-million-square-foot building in 2023 for roughly $148 million, about 45 percent less than what previous owner Shorenstein paid for it in […]This article originally appeared on The Real Deal. Click here to read the full story.