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flag LA Board approves $200M Gas Co Tower purchase for relocating earthquake-vulnerable workers.

flag The Los Angeles County Board of Supervisors has approved a 3-1 vote to pursue the purchase of the Gas Company Tower for up to $200 million. flag This move could lead to relocating county workers from older offices deemed vulnerable to earthquakes, such as the 1960-built Kenneth Hahn Hall. flag The decision reflects a downturn in the downtown office market, with the building's price significantly lower than its 2020 appraisal of $632 million. flag A final vote is required to complete the deal.

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