Douglas Emmett is turning a Westwood office building to residences, the company announced during its second-quarter earnings call Wednesday. The real estate investment trust reported that it plans to turn the office tower it purchased earlier in the year for $131 million from Tishman Speyer through a deed-in-lieu of foreclosure into apartments, per its second-quarter earnings release. The 17-story, 247,000-square-foot office tower at 10900 Wilshire Boulevard called Murdock Plaza combined with a residential building it plans to construct on the same site will become a 320-apartment complex with ample amenities in Westwood. The conversion will occur over an undisclosed number […]
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