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LOS ANGELES, CALIF. -- FRIDAY, MAY 19, 2017: The Bloc, one of downtown L.A.'s most complex and significant real estate developments, is transforming the former Macy's Plaza in the heart of the financial district with a $250 million makeover that is changing it from an indoor mall to an outdoor mall in Los Angeles, Calif., on May 19, 2017. (Brian van der Brug / Los Angeles Times)

The Bloc is back on the market as downtown L.A.’s office market shows signs of bottoming out

The Bloc, a massive mixed-use complex in the heart of downtown Los Angeles, is on the block for sale as the commercial property market shows signs it is bottoming out with buildings changing hands at big discounts.

LOS ANGELES, CA - OCTOBER 1, 2026 - Meaghan Lloyd, chief of staff and partner at Gehry Partners, stands above the Terri and Jerry Kohl Hall inside the Colburn Center, still under construction, in downtown Los Angeles on October 1, 2026. Concrete sound clouds, overhead, were designed to improve acoustics. The $335-million Colburn Center, designed by architect Frank Gehry, is nearing completion and plans to open in the Fall of 2027. The Colburn Center will feature the Terri and Jerry Kohl Hall, an intimate, and accessible concert hall, a convertible 100-seat dance studio theater, spacious ballet and tap studios and public green spaces. The Colburn Center is set to open in the Fall of 2027. (Genaro Molina/Los Angeles Times) ATTENTION EDITOR: STORY EMBARGOED UNTIL NEXT TUESDAY.

New Gehry concert hall takes shape in downtown Los Angeles

For sale sign is seen outside of a home in Arlington Heights, Ill., Wednesday, Sept. 16, 2026. (AP Photo/Nam Y. Huh)

Mortgage rates rise to the highest level in nearly 3 years at 7.28%

SAN CLEMENTE, CA - SEPTEMBER 26, 2026: Drone view of Vilamoura condominiums in San Clemente on Saturday, Sept. 26, 2026. Some residents are fighting against a $26,000 emergency special assessment of a new roof. These residents have concerns about the high cost and how it could affect them and about their voices being ignored by the HOA board. (Myung J. Chun / Los Angeles Times)
For Subscribers

California condo fees are soaring. Some owners fear they can’t survive

check boxes flying rapidly from left to right

Your guide to L.A. City Charter Amendment PL: Streamlining Planning Department processes

icon illustration of a mansion on fire with stacks of coins

Your guide to Proposition TE: Exempting fire victims from the ‘mansion tax’

Aug. 2019 photo of Casa Encantada - a 40,000-square-foot Bel-Air mega-mansion that recently sold for $130 million to billionaire venture capitalist and PayPal co-founder Peter Thiel.

Peter Thiel buys troubled Bel-Air mega-mansion for $130 million

HOLLYWOOD, CA - SEPTEMBER 4, 2026 - - Developer and landlord David Simon stands next to a model of the Echelon Studios that is being constructed in Hollywood on September 4, 2026. The construction of the new movie studio is a rarity in the currently challenged climate for the entertainment industry. (Genaro Molina/Los Angeles Times)

Studio bets $450 million on stacked soundstages, sky bungalows to woo production back to Hollywood

For sale sign is seen outside of a home in Arlington Heights, Ill., Wednesday, Sept. 16, 2026. (AP Photo/Nam Y. Huh)

Mortgage rates climb for fifth week, pushing 30-year home loan above 7%

BEAUMONT, CA - JULY 20: A train passes along a development on Oak Valley Parkway in Beaumont. The road changes name from San Timoteo Canyon Road in Redlands to Oak Valley Parkway as it enters Beaumont. Photographed on Wednesday, July 20, 2022 in Beaumont, CA. (Myung J. Chun / Los Angeles Times)
For Subscribers

The Inland Empire was once a bargain. Now, rising home prices, coastal invasion bring anxiety

Los Angeles, CA - December 10: Sofia Mendoza, 50, holding a sign stands a press conference about how Measure ULA (the Mansion Tax) funds will be used to promote affordable housing, tenant protections, at City Hall Tuesday, Dec. 10, 2024 in Los Angeles, CA. (Ringo Chiu / For The Times)

L.A. approves $466 million in affordable housing spending, the largest pool ever

COSTA MESA, CALIF. -- TUESDAY, FEBRUARY 25, 2020: A view of the Fairview Developmental Center in Costa Mesa, where the federal government is looking to house people infected with coroavirus. The city is fighting this and has until next week to work something out with the feds. Photo taken in Costa Mesa, Calif., on Feb. 25, 2020. (Allen J. Schaben / Los Angeles Times)

Costa Mesa approves Fairview Development Center project

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