LOS ANGELES-Two more local development teams have stepped back into the future, with one completing the conversion of a landmark hotel into a modern apartment complex and another builder about to finish the transformation of Downtown’s former Union Oil Building into hip office and retail space.

The old Union Oil headquarters complex was built in 1928 and stands at 617 W. Seventh Street. Several years after the oil company moved out, New York-based developer Hiro Real Estate purchased the 12-story building and began an ambitious conversion project aimed at attracting more technology and creative companies to the Central Business District.

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