Newmark Facilitates Full Floor Lease on Behalf of Hathaway Dinwiddie at Downtown Los Angeles Office Tower

March 26, 2026 9:00 AM

Newmark announces the Company has facilitated a full floor, 17,554-square-foot lease for Hathaway Dinwiddie Construction Company on the 16th floor at 445 South Figeroa in Downtown Los Angeles. Newmark Executive Managing Director David Kluth and Associate Director Mai Hu represented the tenant in the lease negotiations.

“This full-floor relocation to an upgraded and revitalizing 445 Figueroa represents a meaningful next step for Hathaway Dinwiddie as a long-standing tenant of downtown LA,” said Kluth.

John Zanetos and Chris Penrose of CBRE represented the landlord.

445 South Figueroa Street, known as Union Bank Plaza, is an iconic Class A office tower in the heart of Downtown Los Angeles’ Central Business District. The 40-story skyscraper, constructed in 1967 and standing approximately 515 feet tall, offers over 700,000 square feet of office space, complemented by a two-level retail center, a two-acre landscaped outdoor plaza and ample parking. Its prime location provides excellent access to the 110 Freeway and proximity to key transit and amenities in one of LA’s most established business cores.

As a historic high-rise that achieved Energy Star certification and underwent substantial renovations, 445 South Figueroa Street remains a prominent asset. In late 2024, the property traded hands for $80 million, with Newmark facilitating the transaction on behalf of the seller, and also representing the buyer, Washington Capital Management.

The Downtown LA office market continues to show resilience, with total vacancy rates stabilizing at 25.1% and trophy properties maintaining a lower vacancy of 13.6%, according to Newmark Research. Leasing activity is driven primarily by traditional industries such as law and finance, where firms are rightsizing into premium spaces amid increasing lease terms and reduced sublet availability, which has reached its lowest level since 2020.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2025, Newmark generated revenues of nearly $3.3 billion. As of December 31, 2025, Newmark and its business partners together operated from approximately 175 offices with over 9,300 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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