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Report: Tishman Speyer to sell Los Angeles campus to Onni Group for $630M

Canadian real estate developer Onni Group of Cos. Ltd. signed a preliminary agreement with Tishman Speyer to purchase the two-building Wilshire Courtyard business campus in Los Angeles for $630 million, The Real Deal reported, citing sources familiar with the deal.

However, the parties have not entered into a formal contract for the 8.7-acre property at 5700 and 5750 Wilshire Blvd., the publication noted. The asset also has a three-story parking garage, a fitness center spanning 16,000 square feet and a coffee shop.

A Tishman spokesperson declined to comment, while Onni Group and listing brokerage Eastdil Secured did not reply to comment requests, the report added.