One Wilshire goes from being owned by an equity firm to being owned by a Texas-based REIT. An interesting blog entry on the building and its business is here, but stuff I didn't know about One Wilshire can be quoted from the LA Times article:
The 31-story building at the eastern end of Wilshire Boulevard at Grand Avenue is one of the two largest switching hubs in the country. . . . One Wilshire was built as a standard office building in 1966. After the telecommunications industry was deregulated in 1984, competitors started laying underground cable in downtown Los Angeles with a heavy concentration near Wilshire and Grand, Ray said.A handful of former office and retail buildings near there became data-transfer centers, but One Wilshire is the largest, with more than 300 communication service providers renting space for their computer servers and switching equipment.
(The LA Times picture is not as pretty as this one, from the CRG West website)
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