Add Row

Add Element

update

Local Women Entrepreneurs

update

Add Element

Home
Categories

October 27.2025

2 Minutes Read

Banc of California's Bold Move: Expanding Through a New Downtown Lease

Downtown Los Angeles skyline featuring the Banc of California building.

Banc of California Expands Its Downtown Presence

Banc of California is making a bold statement in the heart of downtown Los Angeles, having secured an 11-year lease for 40,000 square feet of office space at the TCW Tower, located at 865 S. Figueroa St. This significant move positions the bank not just within the Financial District, but also allows its name and logo to shine atop the skyline, reinforcing its commitment to the city and its residents.

A New Chapter for the Community

With a projected move-in date during the third quarter of 2026, Banc of California's leadership views this transition as a 'vote of confidence' in Los Angeles. CEO Jared Wolff emphasized that this expansion is not merely about occupying new real estate, but about deepening their roots and enhancing community connections in the greater L.A. market. By housing key operations—ranging from commercial banking to IT and specialty banking—at this new location, the bank illustrates its commitment to serving the evolving needs of the community.

Understanding the Current Office Landscape

The Los Angeles office market tells a complex story. As of the last report, the downtown vacancy rate stood at a concerning 33.3%, slightly up from the previous year. Yet, Banc of California’s optimism counters this trend, highlighting a belief in recovery and opportunity in the commercial real estate sector. This dual narrative of rising vacancies but simultaneous corporate expansion is reflective of broader economic dynamics that influence business decisions and community interactions.

Building Relationships and Trust

Banc of California's move comes alongside its recent lease in Beverly Hills, where it has taken on an additional 16,000 square feet at 9701 Wilshire Blvd. By expanding its footprint strategically in these key areas, the bank showcases its intent to foster deeper connections within the local economy, enhancing customer relationships and brand visibility. As businesses navigate post-pandemic realities, such strategic moves can serve as a catalyst for growth and community engagement.

Conclusion: A Path Forward

The decision by Banc of California to establish a prominent presence in downtown L.A. not only underscores their ambitions but also illustrates a broader narrative of resilience and hope within the local economy. As they prepare for their new headquarters, the bank invites the community to engage with them in shaping the future of financial services in Los Angeles.

community engagement

1 Views

0 Comments

Write A Comment

Related Posts All Posts

10.28.2025

Corey Eide Leads Change at BDO USA: A Principal with a Vision for Community Engagement

Update Corey Eide Joins BDO USA as Principal in Los Angeles In a significant development for the Los Angeles accounting community, BDO USA has appointed Corey Eide as a Principal at its local office. With an impressive twenty years of experience, Corey contributes to the firm's robust State & Local Government Advisory Practice, working with various federal, state, tribal, and local government clients. Strengthening Local Government Services Corey’s expertise extends beyond government entities as he also leads BDO's nonprofit and grantmaker strategic advisory services. This blend of knowledge positions Eide to make a meaningful impact at a time when community engagement and transparency are more crucial than ever. His leadership promises to enhance the services provided to California’s diverse communities. The Growing Leadership at BDO USA Corey's promotion is part of a broader trend at BDO USA, which has recently welcomed 59 new principals across various offices. This growth reflects the firm’s commitment to fostering talent that embodies its mission of providing value to clients and communities alike. In a message to newcomers, CEO Wayne Berson emphasized the importance of leaders who serve not just as mentors but also as champions for their clients and communities. The Role of Community in Professional Services As firms like BDO USA continue to build their reputations on community engagement, the personal touch remains a vital part of client relationships. By focusing on local needs, such as those addressed by Corey, BDO enhances its role as a trusted adviser, reinforcing its mission to help people thrive every day. Your Opportunity to Engage As the landscape of accounting continues to evolve, understanding the roles of individuals like Corey Eide is essential. Local businesses and organizations can benefit greatly from engaging with professionals who not only practice accountancy but also understand the intricacies of government and community resources. Subsequently, if you’re seeking to strengthen your local connections and explore opportunities in accounting, consider reaching out to firms like BDO USA, where community ties and professional growth go hand in hand.

10.28.2025

Leadership Change at Katten: Christine Fitzgerald Steps Up to Lead Los Angeles Offices

Update Christine Noelle Fitzgerald Takes the Lead at Katten The Katten law firm is undergoing a significant leadership transition as Christine Noelle Fitzgerald has been appointed as the new Managing Partner of their Los Angeles offices, effective January 1, 2026. She succeeds Zia F. Modabber, a respected figure who has led the firm’s California operations for nearly a decade. Modabber, known for his expertise in entertainment law, is set to retire and continue his journey as a mediator at Signature Resolution. A Legacy of Leadership Fitzgerald, who has spent her entire 28-year legal career at Katten, was notably recruited by Modabber as a summer associate. Her extensive experience in real estate finance has earned her accolades and respect across the legal community. Gil Soffer, Katten's Chairman, expressed confidence in Fitzgerald’s abilities, stating that her strategic vision and understanding of clients’ needs will usher the firm into a promising new chapter. Building on a Strong Foundation This leadership change marks not just a new era for Katten but also reflects the cooperative spirit that Fitzgerald embodies. She remarked, "It feels like a natural step taking over from Zia... he has my utmost respect as an outstanding lawyer and as a strong leader of our office." Her commitment to maintaining strong relationships within the firm will be a cornerstone of her approach as she steps into her new role. The Future of Katten Katten, a full-service law firm with approximately 700 attorneys, is positioned to flourish under Fitzgerald's guidance. With core practices that span corporate law, litigation, and real estate, Fitzgerald's leadership will be essential in navigating the evolving legal landscape, particularly in Los Angeles and Orange County. Her appointment highlights the importance of fostering internal talent and continuity in leadership. As Katten embraces this significant transition, clients and colleagues alike can look forward to a dynamic future under Fitzgerald’s skilled leadership. Her track record of success in real estate and strong collaborative attitude will undoubtedly contribute to the continued growth and reputation of the firm.

10.27.2025

Carolwood Acquires Indian Motorcycle: Exploring New Opportunities and Heritage

Update A New Era for Indian MotorcycleIn a significant move, Carolwood, a private equity firm based in downtown Los Angeles, has acquired a majority stake in the storied Indian Motorcycle brand from Polaris, marking a new chapter for the iconic motorcycle manufacturer. This acquisition is not just a change in ownership but also a strategic step towards revitalizing Indian Motorcycle as an independent entity, emphasizing its rich heritage as a symbol of American craftsmanship and community.Why the Change MattersCarolwood's purchase reflects more than a business opportunity; it signifies a commitment to preserving and enhancing Indian Motorcycle's legacy. As stated by Carolwood principal Andrew Shanfeld, the firm's goal is to ensure that Indian Motorcycle continues to rise as a beacon of performance and pride. This acquisition comes at a pivotal time, as focusing on heritage brands can help stimulate growth and connect with passionate communities of riders—vital for the motorcycling industry.A Promising Leadership TeamTo steer Indian Motorcycle into its new era, Carolwood has appointed Mike Kennedy, a seasoned veteran of the motorcycle industry, as CEO. Kennedy's extensive background includes pivotal roles with Harley-Davidson, where he helped lead various successful initiatives. His vision is expected to harness the passion and commitment of the brand's 900 employees, ensuring that the transition is smooth while maintaining high standards of excellence in product development and customer engagement.Market Reactions and The Bigger PictureThe market seems to view this change positively, as evidenced by a bump in Polaris shares following the announcement. Analysts point out that Indian Motorcycle’s previous performance under Polaris had shown potential, but it struggled to achieve consistent profitability. It's hoped that independence will allow Indian to thrive without the broader corporate constraints that come with being a subsidiary.Community and Culture: The Heart of Indian MotorcycleIndian Motorcycle is not merely a company; it represents a community—one filled with riders who cherish camaraderie and adventure. This acquisition signifies a renewed focus on fostering this community, with the potential for grassroots initiatives that can deepen relationships with customers and enthusiasts alike. Such an approach can lead to increased brand loyalty, ensuring that Indian Motorcycle stays relevant in an ever-evolving market.As Carolwood prepares to transition Indian Motorcycle into a standalone company, the focus will be on supporting its growth and maintaining the essence that makes the brand beloved. This is not only a business decision but a heartfelt commitment to honoring a track record of artistry and passion that stretches back over a century.

Banc of California's Bold Move: Expanding Through a New Downtown Lease

Banc of California Expands Its Downtown Presence

A New Chapter for the Community

Understanding the Current Office Landscape

Building Relationships and Trust

Conclusion: A Path Forward

Terms of Service

Privacy Policy

Core Modal Title