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Former May Co. building in downtown L.A. to get revived after sale
Former May Co. building in downtown L.A. to get revived after sale

A huge former department store on Broadway in downtown Los Angeles is being sold to a New York real estate investment firm that intends to pump new life into the old building and its rebounding neighborhood. The century-old flagship of the May Co. contains 1.1 million square feet of space surrounded by Broadway, Hill Street and 8th Street. The commercial district was once one of the best in the Southern California, but fell on hard times in the late decades of the 20th century. Waterbridge Capital has agreed to buy the property now known as Broadway Trade Center, city officials and property brokers said. The price was not disclosed, but experts familiar with the downtown real estate...

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