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Rising, GreenOak JV Snags Iconic CalEdison in DTLA
Rising Realty Partners and GreenOak Real Estate Advisors bought The CalEdison, an iconic 287,615-square-foot, 14-story office building in DTLA from Hermes Investment Management and Lionstone Investments for reportedly in the neighborhood of $140 million.
The 14-story, LEED Platinum building is located at at 601 W. 5th St., near Grand Central Market, The Broad, several Class A hotels and The Grand master-planned lifestyle development. Built in 1931 as the headquarters for Southern California Edison Company, the building has 30-foot coffered lobby ceilings and highly-detailed Art Deco marble and tile finishes.
JLL’s Steve Collins, Paul Spellman and Tom Bohlinger led the team handling the sale.
Bohlinger says, “This historic building is in one of the most prominent locations in DTLA, and is close to two major transit hubs. In addition to its excellent location, it is one of the finest examples of Art Deco architecture in the area.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


