LOS ANGELES-MPG Office Trust Inc. may sell its entire office portfolio totaling 8.2 million square feet next year. Most of the properties of MPG are located in downtown.
The downtown buildings include U.S. Bank Tower, KPMG Tower, Wells Fargo Tower, 777 Tower, One Cal Plaza and the Gas Co. Tower. A Stifel Nicolaus note estimated that buyers or investors could pay between $350 and $400 per square foot for KPMG, Wells Fargo, 777 or the Gas Co. towers. For the full story, go to Los Angeles Business Journal .
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