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Banc of California will raise its profile in downtown Los Angeles by putting its name on top of a skyscraper and nearly doubling the size of its offices.
The Los Angeles bank’s expansion comes at a time when downtown office landlords have been struggling with high vacancies since the pandemic prompted a shift to remote work for many businesses.
Banc of California has leased 40,000 square feet at 865 S. Figueroa St. and secured the rights to emblazon its name atop the 35-story tower just north of L.A. Live, the bank recently announced.
“We moved our headquarters to Los Angeles two years ago because we believe in this city and in the power of the entrepreneurs and businesses that ca