REAL ESTATE

Prudential Nears Decision on Sale of L.A. Complex: The New York-based company said it is close to deciding whether to sell Century Plaza Towers, one of its largest properties. Prudential Insurance Co. of America is “very close to making that decision,” a company spokesman said. Prudential owns 50% of the complex; a consortium led by Citicorp owns the rest. Prudential and Citicorp have retained New York-based Eastdil Realty Inc. to explore a possible sale, the spokesman said. The move is part of Prudential’s effort to take advantage of an improved market for large properties following a commercial real estate slump in the early 1990s, he said. Prudential said it was seeking to reduce some of its larger holdings in its general account portfolio.