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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 projects confidence, claims Iran is ‘begging’ for deal, but war exit remains murky

President Trump on Thursday continued projecting confidence in the U.S. war effort in Iran, suggesting online and during a high-level Cabinet meeting that Iran has been “obliterated,” that its leaders were “begging” for a deal, and that the U.S. is “roaming free” over Iran and “NEEDS NOTHING” from its European allies. His description of the…

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