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Companies are buying their buildings instead of renting them as office values bottom out around Los Angeles

As the office market bottoms out after a long fall, renters are swooping in to buy their own buildings. Occupant businesses are seizing the opportunity to become owners, especially in downtown Los Angeles, where glittering high-rises have plummeted in value since occupancy dropped during the pandemic. It has never fully recovered, but investors believe the…

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Trump says he wants to send federalized troops to L.A., San Francisco

WASHINGTON — When President Trump ordered immigration raids in Los Angeles in June, only a handful of those arrested were violent criminals. The sweeps split families, cost businesses millions of dollars and drove many undocumented residents into hiding. Activists protested the Immigration and Customs Enforcement actions, prompting the president to deploy thousands of federal troops in what…

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