Colliers Brokers $210 Million Receivership Sale of Bank of America Plaza in Downtown Los Angeles
LOS ANGELES, June 16, 2026 — Colliers announced the $210 million receivership sale of Bank of America Plaza, the 1.4 million-square-foot Class A office tower at 333 S. Hope Street in Downtown Los Angeles. The transaction is the largest office sale in Los Angeles in 2026 and the largest multi-tenant office sale in Los Angeles County since 2023, according to Colliers.
The buyer, Capital Real Estate Group, was represented by Michael Bender and Donald Harper of JLL. The Colliers investment sales team — comprising Vice Chair Sean Fulp, Executive Vice Presidents Mark Schuessler and Todd Tydlaska, and Associate Vice Presidents Jordan Garcia and Blake Hammerstein — exclusively marketed the property and facilitated the transaction on behalf of the court-appointed receiver, Chris Nielsen, Managing Partner and Co-Head of Trigild.
A Receivership Sale Delivering Fee-Simple Title
The asset traded through a receivership sale, with fee-simple title delivered at closing. At $210 million for 1.4 million square feet, the implied pricing is approximately $150 per square foot.
"The sale is a meaningful step forward in the evolution of Downtown Los Angeles and another benchmark transaction for our team," said Mark Schuessler. "We generated interest from both private and institutional investors, as well as foreign capital, and ultimately a partial user. In conjunction with the receiver and special servicer, we were able to deliver pricing and deal terms that exceeded expectations, without a need for seller-financing."
Capital Group Plans Major Consolidation and Reinvestment
Capital Group plans to consolidate its Los Angeles operations into the building and invest significantly in the asset to bring it to what the firm describes as a best-in-class standard. The company expects the tower will ultimately house more than 2,100 employees.
The 57-story tower is a prominent fixture of the city's Financial District, offering panoramic city views and a central location within Downtown Los Angeles.
"Investors and users are increasingly looking beyond short-term market volatility and focusing on assets that offer scale, quality, and strategic positioning," said Todd Tydlaska. "Capital Group's long-term investment should send a strong message to the broader market about downtown's future."
Broad Investor Interest
Colliers noted that the marketing process attracted interest from private investors, institutional capital, and foreign buyers.
"Executing a transaction on this scale requires thoughtful strategy and intimate knowledge of the stakeholders," said Sean Fulp. "Bank of America Plaza is one of the largest and most recognizable office towers in Los Angeles, and the level of interest we received underscores the depth of capital pursuing premier office assets with a story."
Colliers and Trigild Roles in the Transaction
Trigild's Chris Nielsen served as the court-appointed receiver overseeing the asset prior to and through the sale process. Colliers' investment sales team managed the exclusive marketing assignment on the receiver's behalf.
"Executing assignments of this magnitude showcases the differentiated capabilities of our team and platform," said Ricardo Pacheco, Senior Managing Director for Los Angeles and Santa Barbara at Colliers. "It reinforces our position as leading capital markets advisors in Los Angeles and our ability to deliver on the market's most significant opportunities."
JLL's Kevin Bender and Andrew Harper advised Capital Group on the acquisition.
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