Search
 

Downtown Sees Third Big Lease in as Many Days

LOS ANGELES-The law firm of McCutchen, Doyle signs a $25-million lease that expands its presence at KPMG Tower by 50%. A busy week has brokers hoping that the CBD is on its way back.

By Erin Cassin and David W. Myers | Updated on May 04, 2001

LOS ANGELES- The third major lease in as many days has been announced in Downtown, the latest sign that the battered submarket may be on its way back. The $25-million lease signed by McCutchen, Doyle, Brown and Enersen LLP will not only keep the law firm in the Central Business District but also raise the amount of space it occupies by 50%. The 10-year pact gives the firm 76,470 sf at KPMG Tower, the highrise it has occupied for the past several years at 355 S. Grand Ave.

Clay W. Hammerstein and Stephen L. Bay, both of Insignia/ESG’s Downtown office, represented the law firm, which is based in San Francisco. LA-based Maguire Partners, the building’s owner, was represented in-house by Pat McRoskey.

Two other big Downtown leases were announced earlier in the week. In the first, Lockton Insurance Brokers signed a 10-year renewal for 47,984 sf at Ernst & Young Plaza, 725 S. Figueroa St. Local brokers tell GlobeSt.com that the deal is worth about $12 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.