Written by:host
4/3/2009 11:19 AM 

April 3, Los Angeles Korean Air Lines Co. and Thomas Properties Group Inc. plan to build a $1 billion office-and- hotel complex, downtown Los Angeles’s first office high-rise since 1992, to capture rising demand after the U.S. recession. A 60-story office tower with 1.15 million square feet (107,000 square meters) of space and a 40-story hotel with as many as 700 rooms will be built on a full city block where the Wilshire Grand Hotel now stands...more

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