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Manulife Selling TCW Tower To LA Water And Power For $93M

Summary by Bisnow
Singapore-listed Manulife US REIT is selling Downtown's TCW Tower to the Los Angeles Department of Water and Power for $92.5M.  The transaction was announced through a divestment notice from Manulife. An entity controlled by the REIT, Hancock S-REIT LA Corp, is the official seller of the 35-story TCW Tower.  As of the end of 2025, the tower was roughly 46% occupied and the weighted average lease expiration was just under five years, according to…
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Mingtiandi broke the news in on Monday, March 30, 2026.
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