SoldBroker Activity · Entry № 40

$147/SF for the Bank of America Tower

Capital Group buys its own Downtown LA office tower out of a court-appointed sale for $210M, $147.71/SF

PublishedJune 25, 2026
StatusSold, Confirmed
DatelineThe Tape · Downtown Los Angeles
333 S Hope St hero photo
FIG. 01, 333 S Hope St, Downtown Los Angeles (SEC of 3rd and Flower). Listing photo via Colliers.
Four takeawaysFour things to know about the 333 S Hope St trade.
  1. Court-appointed sale, the tenant was the buyer.$210M for 1,421,711 SF at $147.71/SF. Capital Group, the occupant, bought the building it was already operating inside. 
  2. The price is down by 71%.  The assessed total is at $729M as of 2025. It sold at 29 cents on the assessed value.
  3. A wake-up call for the City of LA  This sale reduced the property's value by roughly 71% from its prior assessed value, potentially cutting $5–6 million a year in local property tax revenue.
  4. Is this the bottom?  Office values have already fallen hard.  Is this the bottom or are we pausing before another leg down?
Deal Stats · 333 S Hope St
Sale Price
$210M
confirmed
Price / SF
$147.71
per gross SF
Gross SF
1,421,711
55-story steel tower
Lot SF
183,388
4.21 acres
Year Built
1974
renovated 2009
Parking
2,622 stalls
covered + reserved + surface
ULA Tax Est.
$11.55M
Mansion Tax at closing
Assessed Value
$729.3M
2025 assessment
Hold Period
12.7 years
152 months under Trigild
Buyer
Capital Group
tenant / institutional

What an Operator Sees

DTLA office market has been crushed. Capital Group acquired Bank of America Plaza at a price that's more than $500 million below replacement cost. The question everyone is asking: Is this the bottom, or is office dead?  I don't know, I'm just tracking for now.  

Send OMs to David@AtlasBrief.La

Brokers
Listing Broker
Sean Fulp
Colliers
Buyer Broker
Kevin P. Bender
JLL
Written from the field

David Safai, operator, developer, GC.

Atlas Home Builders, Inc. is a Los Angeles owner-operator and general contractor. If you are a broker with a listing you want an honest read on, send the OM and the T-12 to David@AtlasBrief.La.

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