Search Acquires Brentwood Plaza

Search Builders Inc., a Los Angeles-based real estate development and asset management firm, has purchased 100% ownership in Wilshire Brentwood Plaza, a $70-million office tower at 12400 Wilshire Blvd.

The 15-story structure with more than 233,500 square feet of rentable space was completed in 1986 and is 70%leased. The project originally was developed in with the Equidon Cos

For the record:

12:00 a.m. May 25, 1986 For the Record
Los Angeles Times Sunday May 25, 1986 Home Edition Real Estate Part 8 Page 2 Column 1 Real Estate Desk 2 inches; 46 words Type of Material: Correction
A May 4 story stated incorrectly that Search Builders, Los Angeles-based realty development and management firm, acquired total ownership of the Wilshire Brentwood Plaza, a 15-story office structure at 12400 Wilshire Blvd. Actually, negotiations to purchase the $70-million property from Equidon Cos. are continuing.