The office and retail components of The Bloc, a mixed-use complex in Downtown Los Angeles, are being brought to market, with Cushman & Wakefield leading the sale effort. The property totals 1,400,000 square feet of mixed-use space, and the current offering focuses specifically on its commercial segments.
According to marketing details, the contemplated sale encompasses approximately 730,000 square feet of office space and 420,000 square feet of retail space within the complex. The offering also includes a parking structure with nearly 2,000 stalls, positioning the asset as a large-scale urban mixed-use destination with integrated parking in the downtown core.
Cushman & Wakefield has assigned executive vice chairman Mike Condon and vice chairman Kevin Donner to oversee the marketing and sale process for the office and retail components. Their mandate is limited to these portions of The Bloc and does not extend to the hospitality portion of the complex.
The hotel component at The Bloc is explicitly excluded from the Cushman & Wakefield assignment and is being marketed separately by another firm. As a result, any transaction that emerges from the current process would pertain only to the office, retail and parking elements, with hospitality remaining under a different marketing strategy and advisory team.
Cushman & Wakefield characterizes the timing of the offering as coinciding with a new phase of price discovery for downtown office properties. The firm notes that sales transactions are once again becoming more common in Downtown Los Angeles, with recent closings contributing to a growing set of comparables. This, in turn, is described as helping buyers underwrite potential acquisitions using what the brokerage calls defensible and quantifiable market evidence.
Mike Condon underscored this theme by stating that with closed sales now establishing clearer price points, prospective buyers have more concrete data to support valuation and underwriting assumptions. That context frames The Bloc offering as entering the market at a moment when investors are beginning to see more observable benchmarks for downtown office pricing than in the recent past.
The asset has seen a significant amount of recent investment, with more than $100 million deployed into property-level improvements in recent years. While a formal asking price has not been set, reporting by the Los Angeles Times cited in the coverage indicates that the office and retail portion of The Bloc is believed to be worth about $160 million. That figure serves as an external indication of potential valuation rather than a stated pricing target from the marketing team.
Overall, the offer of The Bloc’s office, retail and parking components to the investment market highlights an institutional-scale listing in Downtown Los Angeles at a time when transaction activity, pricing clarity and capital allocation strategies for urban office assets are actively evolving.
