The Real Deal New York

Tishman Speyer to buy CNN Building in LA for $127M

Sale to close right after firm’s regional director resigns
By Hannah Miet | February 11, 2016 02:45PM

The CNN Building in Hollywood and Rob Tishman, CEO of Tishman Speyer

The CNN Building in Los Angeles and Rob Speyer

From the Los Angeles website: Tishman Speyer has agreed to pay more than $127 million for the CNN Building in Hollywood in a sale expected to close by the end of the week, The Real Deal has learned.

The deal has been in the works for months, sources said, and neared a close right as Mark Laderman, Tishman Speyer’s regional director for Southern California, resigned, according to sources. The reasons for his resignation are unclear. [more]