Oaktree Set to Move LA Headquarters Away From Brookfield Tower

Oaktree Capital Management agreed to move its headquarters in downtown Los Angeles, relocating to a building just blocks away from its current offices.

Oaktree signed a lease for 220,000 square feet (20,400 square meters) at City National Plaza, the largest LA-area office lease during the second quarter, according to brokerage Savills Plc. The investment firm will relocate from its current spot at 333 S. Grand Ave., a tower owned by an affiliate of Brookfield Corp.

City National Plaza, owned by CommonWealth Partners, includes two 52-story towers, retail space and parking. TCW Group Inc. and Boston Consulting Group also have offices ...