Kennedy Wilson Brokerage — a division of real estate investment company Kennedy-Wilson Properties, Ltd. — announced that it had recently facilitated the notable renewal of an office lease at Biltmore Court: The California Appellate Project of Los Angeles (CAP-LA) has extended its occupancy at the South Grand Avenue property. CAP-LA currently occupies roughly 13,000 square feet of downtown Los Angeles office space on the fourth floor of the building, and the non-profit law firm has renewed its lease for a 10-year term. According to statements released regarding this agreement, the lease marked one of the largest such deals to close in the downtown submarket during Q4 2023.

Kennedy Wilson Brokerage Executive Vice President, Lee Shapiro, and Sales Associate Max Browne worked on behalf of the property landlord.

Street level view of the Biltmore Court building, facing the entrances on South Olive Street. The image offers a sunny clear view of the building
CAP-LA renewed its lease for downtown Los Angeles office space at the Biltmore complex. Property image courtesy of CommercialEdge.

“CAP-LA’s renewal at Biltmore Court is a bright spot amid the doom-and-gloom headlines we read on office space in central business districts,” Browne said. “Established tenants with right-sized space see the value in extending their leases, and we were pleased to be able to facilitate this deal.”

Located adjacent to the historic Biltmore Hotel in downtown Los Angeles, the Biltmore Court building just celebrated its 100-year anniversary, marking the completion of a century rich in historical, cultural, and architectural heritage. Originally built in 1923, it opened to great fanfare as the largest hotel west of Chicago and remains one of the best examples of Beaux Arts style architecture in Los Angeles to this day. The 12-story property was converted to office space in 1989.

The Court is part of the 1.2-million-square-foot hotel and office complex overlooking Pershing Square, which recently entered a long-awaited renovation project. Designed by Schultze and Weaver (also responsible for New York’s iconic Waldorf Astoria hotel), the Biltmore complex has earned significant importance in national and international culture. Today, its name is mostly known in association with the Academy of Motion Pictures Arts and Sciences as the lavish Biltmore ballroom was the original host of the Oscars.

Street level view of the Biltmore Court office property in downtown Los Angeles. The image offers a view from South Grand Avenue, facing the Court building in the forefront and the Biltmore Tower in the background, looking toward the intersection with West 5th Street.
The Biltmore Court building on South Grand Avenue is part of the Biltmore Hotel and Tower complex, which occupies half a block between South Olive, West Fifth and West Sixth Streets, and South Grand Avenue. Property image courtesy of CommercialEdge.

“Biltmore Court is just down the street from DTLA’s Civic Center neighborhood, where a number of judicial and law enforcement institutions are located, so the property provides an ideal location for the work CAP-LA does and the people it serves,” Shapiro said.

Located near the Los Angeles Financial District, the property at 520 S. Grand Ave., also offers flexible office space, corner suites, and full-floor office leasing opportunities. In addition to the Pershing Square renovation, recent improvements in the area also include the highly anticipated opening of fine dining concepts by H&H Brazilian Steakhouse and Global Dining Inc.’s Settecento.

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