{"id":14604,"date":"2025-05-15T03:55:19","date_gmt":"2025-05-15T10:55:19","guid":{"rendered":"https:\/\/citystuff.com\/los-angeles\/?p=14604"},"modified":"2025-05-15T03:55:19","modified_gmt":"2025-05-15T10:55:19","slug":"spring-street-courthouse-sale","status":"publish","type":"post","link":"https:\/\/citystuff.com\/los-angeles\/spring-street-courthouse-sale\/","title":{"rendered":"Spring Street Courthouse Sale"},"content":{"rendered":"<h1>Feds to Sell Landmark Spring Street Courthouse in DTLA<\/h1>\n<h2>Introduction to the Sale<\/h2>\n<p>Uncle Sam wants to unload a landmark federal courthouse in Downtown Los Angeles in what appears to be a fire sale.<br \/>\n<br \/>\nThe U.S. General Services Administration has listed the 17-story, 751,800-square-foot Spring Street Courthouse for \u201caccelerated disposition\u201d at 312 Spring Street, in Civic Center, Bisnow reported. An asking price was not disclosed.<\/p>\n<h2>History of the Courthouse<\/h2>\n<p>The historic landmark was previously on a list of \u201cnoncore\u201d properties marketed for sale that the GSA posted in early March, then took down less than a day later.<br \/>\nThe Art Moderne building, designed by Gilbert Stanley Underwood, was completed in 1940 as the U.S. Post Office and Courthouse.<br \/>\nIt\u2019s been home to major court cases, including Gonzalo Mendez v. Westminster School District of Orange County, a major legal case advancing the civil rights of Mexican-Americans and a precursor to the landmark Brown v. Board of Education decision.<br \/>\nIt also housed a breach of contract case filed by Bette Davis against Warner Bros.<br \/>\nThe gray courthouse building with vertical windows, bounded by Spring, Main, Temple and Aliso streets, was declared a National Historic Landmark in 2012.<\/p>\n<h2>Current Usage and Challenges<\/h2>\n<p>Today, the granite and terra cotta building serves such tenants as the National Labor Relations Board, the Small Business Administration, the GSA and some Los Angeles Superior Court operations, according to the GSA.<br \/>\nThe GSA did not respond to a request for comment from Bisnow about the building\u2019s occupancy.<br \/>\nThe investor pool for the historic properties may be shallow, according to Mike Condon, a commercial broker with Cushman &amp; Wakefield in Los Angeles.<br \/>\n\u201cWhen you see Class-A, trophy high-rises selling, ballpark, from around $125 a square foot, and those are typically already fully renovated, I think there will be some obvious challenges,\u201d Condon told Bisnow.<\/p>\n<h2>Potential Buyers and Sale Approach<\/h2>\n<p>Condon said he\u2019d not be surprised by interest from a wealthy buyer or family office, who have been the primary investors in Downtown office buildings since the pandemic.<br \/>\nThe GSA added the courthouse to a new list of disposition properties, which reflects \u201ca more incremental approach focusing on a shorter list of assets that have already been evaluated\u201d for factors including the cost of deferred maintenance for the building, according to a FAQ on the GSA site.<br \/>\nSpring Street Courthouse would be \u201ctough\u201d to sell, Aleks Trifunovic, president of Lee &amp; Associates in West Los Angeles, told The Real Deal last spring.<br \/>\n\u201cThat one is for all intents and purposes \u2014 f****d,\u201d Trifunovic said. \u201cThey should find a way to keep that one until Downtown comes back.\u201d<\/p>\n<h2>Read More<\/h2>\n<h4 class=\"ReadMoreSection_title\">Read more<\/h4>\n<p>Under Trump, LA federal buildings at risk of being sold off<br \/>\nTrump orders VA to build 6K homes for veterans in West LA<br \/>\n\u2018Bidder #2\u2019 gets  Ziggurat in Laguna Niguel for $177M<\/p>\n<h2>Conclusion<\/h2>\n<p>The sale of the Spring Street Courthouse is a significant event in the history of Downtown Los Angeles, marking a potential shift in the ownership and use of a landmark building. The challenges in selling the property are clear, but the interest from wealthy buyers or family offices could lead to a new chapter in the life of this historic building.<\/p>\n<h2>FAQs<\/h2>\n<p>Q: What is the Spring Street Courthouse?<br \/>\nA: The Spring Street Courthouse is a 17-story, 751,800-square-foot federal courthouse located in Downtown Los Angeles.<br \/>\nQ: Why is the courthouse being sold?<br \/>\nA: The U.S. General Services Administration has listed the courthouse for \u201caccelerated disposition\u201d as part of a larger effort to sell off noncore properties.<br \/>\nQ: What is the history of the courthouse?<br \/>\nA: The courthouse was completed in 1940 and has been home to major court cases, including Gonzalo Mendez v. Westminster School District of Orange County and a breach of contract case filed by Bette Davis against Warner Bros.<br \/>\nQ: Who are the potential buyers of the courthouse?<br \/>\nA: The investor pool for the historic properties may be shallow, but interest from wealthy buyers or family offices is possible.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Feds to Sell Landmark Spring Street Courthouse in DTLA Introduction to the Sale Uncle Sam wants to unload a landmark federal courthouse in Downtown Los Angeles in what appears to be a fire sale. The U.S. General Services Administration has listed the 17-story, 751,800-square-foot Spring Street Courthouse for \u201caccelerated disposition\u201d at 312 Spring Street, in [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":14605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-14604","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-real-estate"},"jetpack_featured_media_url":"https:\/\/i2.wp.com\/static.therealdeal.com\/wp-content\/uploads\/2025\/05\/LA-LA-Courthouse-FEATUREIMG-700x496.jpg?w=1920&resize=1920,1344&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts\/14604"}],"collection":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/comments?post=14604"}],"version-history":[{"count":1,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts\/14604\/revisions"}],"predecessor-version":[{"id":14606,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/posts\/14604\/revisions\/14606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/media\/14605"}],"wp:attachment":[{"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/media?parent=14604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/categories?post=14604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citystuff.com\/los-angeles\/wp-json\/wp\/v2\/tags?post=14604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}