Hines, the closely held property investor with $22.9bn in assets, plans to sell the 40- story Union Bank Plaza office tower in downtown Los Angeles. The company hired Jones Lang LaSalle to market Union Bank Plaza, a 625,838-square-foot (58,142-square-meter) tower it purchased in 2005, said Kim Jagger, a spokeswoman for Houston-based Hines.
Hines plans to sell Union Bank Plaza in downtown Los Angeles
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