Downtown L.A. office building sells for record $437.5 million

One Wilshire is widely regarded in the industry as the single most important telecommunications hub in the Western U.S.Two decades ago, One Wilshire was just another fading office tower losing its white-collar tenants to splashy new skyscrapers nearby. Today the unassuming high-rise is one of the most valuable in the city, having sold for a record $437.5 million.