The new space will provide Kor with a platform to "expand and promote our portfolio internationally," says Brad Korzen, CEO and founder of the Kor Group. He notes that the location also provides access to all of Los Angeles for Kor, which already has a presence in Downtown L.A. at its Eastern Columbia, Barker Block and Pegasus projects.

The 1212 S. Flower St. building, between West 12th Street and Pico Boulevard, directly across fromthe Staples Center and the Los Angeles Convention Center, houses the Kor Group as well as its Kor Hotel Group and Kor Realty Group. Kor's central reservations office will be located at the new headquarters, as well.

KOR acquired the 60,000-sf 1212 S. Flower St. building last year from 1800 Wilshire Properties. As GlobeSt.com reported at the time the acquisition of the Flower Street office building expanded a KOR Group portfolio that includes apartments and condominiums, hotels and other properties that the company has both acquired and developed throughout the US and well as in other countries.

Its KOR Hotel Group portfolio includes properties throughout Southern California and in other US cities including San Francisco and Washington, DC. The hotel group also has properties under development in the US and in Anguilla in the British West Indies and Riviera Maya near Playa del Carmen, Mexico.