The structure was designed by architectural firm Skidmore, Owings and Merrill and built by
Hoffman Construction Company, with completion coming in 1982. One Main Place was acquired by the
Equitable Life Assurance Society from Marathon Realty U.S. for $35 million in 1995. The pension fund for
Los Angeles' police and fire departments bought the office tower in December 1998 for $44.5 million, after having owned 10 percent of the building since the 1995 sale.
RREEF Realty Investments (part of
Deutsche Bank) purchased the building in 2006 for $69.3 million, and then sold it in January 2010 to KBS REIT II for a reported $57 million.
RREEF had attempted to sell the office tower in 2009, but halted efforts in October after bids were lower than anticipated. The deal on the building was anticipated to close in April, but was completed early in February. KBS sold the building in 2014 to
New York Life for $86.3 million. ==Details==