Port of Long Beach's $36 Million Tower Purchase Aims to Revitalize Downtown

Port of Long Beach's $36 million tower purchase aims to revitalize downtown

The Port of Long Beach purchased a 13-story officer tower to act as a hub for maritime companies and eventually increase business in downtown.

Port of Long Beach buys downtown office tower as vacancies surge

The Port of Long Beach has invested in a 13-story tower downtown that will be home to shipping and logistics companies and the port's internal training program.

Port buys Oceangate office tower in $36 million deal to lure companies back to a struggling downtown

In a first-of-a-kind effort to draw maritime companies to downtown Long Beach, the city seaport has purchased a 13-story Oceangate office tower for $36 million to establish a permanent operational center that will lease space to its trade partners. The deal is the marquee move of Anchor LB, a development strategy pitched by Mayor Rex Richardson during his State of the City in January to encourage companies that conduct business in the seaport — …