Arizona State University expands in LA with stake in Herald Examiner building

Century-old former newspaper building in DTLA is getting first tenant since 1988

TRD LOS ANGELES /
Aug.August 20, 2018 10:00 AM
University Realty CEO M. Randy Levin and the Herald Examiner building

Arizona State University is expanding its footprint in Los Angeles with a big move in Downtown.

The public school, which is part of the Pac-12 conference that includes USC and UCLA, bought a stake in the Los Angeles Herald Examiner building and will occupy most of the 100,000-square-foot building at 146 W. 11th Street, according to the Los Angeles Business Journal.

The exact terms of the deal were not disclosed. The deal was made through Arizona State’s real estate entity, University Realty and makes Arizona State a co-owner with New York’s Georgetown Co. and Hearst. Georgetown bought the building in 2015 and announced plans to restore it into offices and ground floor retail.

In late 2017, they announced that restaurateurs Walter and Margarita Manzke, who own Republique in La Brea, signed a deal to open a new restaurant in the space.

Legendary newspaper mogul William Randolph Hearst tapped architect Julia Morgan to design the building as the home of the Herald Examiner newspaper, replete with an ornate lobby and dramatic arched windows facing Broadway. It opened in 1914 and has sat empty since the newspaper shut down in 1988.

An Arizona State spokesperson did not explicitly say what programs would occupy the building. The spokesperson told the Business Journal that the Walter Cronkite School of Journalism and Mass Communication and the Herberger Institute for Design and the Arts could hold classes there.

The school also operates a campus in Santa Monica. [LABJ] – Dennis Lynch 


Related Articles

arrow_forward_ios
Jose Huizar gave new details Monday on Pershing Square redesign (Credit: Getty Images and Wikipedia)

An embattled Jose Huizar revives Pershing Square redesign

LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

arrow_forward_ios
Loading...