The new ownership states it will invest significant capital into the building to maintain its heritage. Plans call for an upgraded lobby, a new spec suite program, and improved tenant lounge and fitness facility.

The year-round forum will celebrate the women who are driving the CRE industry forward and will foster an open dialogue on the critical issues facing female professionals and the CRE industry.

West Adams, the mid-city Los Angeles neighborhood below the 10-freeway, has hit a recent growth spurt.

The nearly 150,000-square-foot retail center in the Inland Empire sold for $31.5 million.