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]