L.A. Landmark Office Building to Get a Rising Reposition

PacMutual sold to Rising Realty PartnersLOS ANGELES, April 17th, 2012 –PacMutual, a landmark building in Downtown Los Angeles, was acquired yesterday by developer Rising Realty Partners (“RRP”) and funds controlled by their financial partner Mount Kellett Capital Management LP (“Mount Kellett”.) The acquisition marks the notable reentry into the California real estate market by the RRP team of CEO and Chairman Nelson Rising, President Christopher Rising and Executive Vice President Reed Garwood. RRP plans to transform this historic property into a marquee lifestyle commercial office space