LA’s U.S. Bank Tower sells for $430 million to Manhattan developer

Downtown Los Angeles’ iconic U.S. Bank Tower has been sold to Manhattan real estate developer Silverstein Properties for $430 million, the company said Wednesday.
Silverstein Properties bought the 1.4 million-square-feet office building from Singapore real estate company OUE Ltd.
“I am thrilled to add this outstanding property to our portfolio,” chairman Larry Silverstein said. “I believe in the future of downtown Los Angeles.”
A member of the media rides down a gla