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
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]