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1Repair Windows errors before they cause bigger problems2Scan for outdated or missing drivers - takes under a minute3Clear out junk files and repair common Windows errorsThe Bloc’s 1.2-million-square-foot office and retail portion is being marketed for sale by National Real Estate Advisors. Its nearly 500-room Sheraton Grand hotel is being sold separately. No asking price has been set for the office and retail offering; a real estate expert cited in the sale report estimated its value at about $160 million, which is not a published asking price.
What is being offered for sale?
The current offering covers The Bloc’s office and retail portion, not the entire complex. Los Angeles Times reporting republished by AOL in 2026 puts that portion at 1.2 million square feet. Broker Mike Condon Jr. of Cushman & Wakefield told the report that the Sheraton Grand hotel, with nearly 500 rooms, is to be sold separately. The report gives no asking price for either offering.
| Offering | What it includes | Price disclosed in the 2026 report |
|---|---|---|
| Office and retail | 1.2 million square feet of office and retail space | No asking price set. An unnamed real estate expert estimated about $160 million; this is an estimate, not an asking price. |
| Hotel | Nearly 500-room Sheraton Grand | Not stated in the Los Angeles Times report republished by AOL in 2026. |
Where is The Bloc, and what makes up the site?
The Bloc is at 7th and Flower streets in downtown Los Angeles, with a direct connection to the 7th Street/Metro Center transit station described in historical reporting. The California environmental notice describes the existing site as a 26-story hotel, a 33-story office building, and a nine-story podium containing commercial uses and parking.
Who owns the property?
National Real Estate Advisors became the principal owner after Ratkovich Co. sold its interest in 2018. Ratkovich had redeveloped the former Macy’s Plaza from an enclosed mall into an outdoor retail and mixed-use complex. The Los Angeles Times reported that the redevelopment’s original $180 million budget grew to more than $250 million after unexpected construction issues. Those are historical project-cost figures, not an indication of the property’s current value or investment performance.
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What redevelopment has been proposed?
A California environmental project notice describes a proposal to add a residential tower with up to 466 units. The proposed work would enclose an existing rooftop parking level, add two above-ground parking levels, and remove 24,342 square feet of theater and retail uses to make room for the tower. The notice describes proposed changes; it does not establish that construction has begun.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the reported $160 million does—and does not—mean
The approximately $160 million figure comes from an unnamed real estate expert familiar with the property, as cited in Los Angeles Times reporting republished by AOL in 2026. It is not a formal asking price, a completed sale price, or a disclosed valuation from the seller. The report does not provide a price for the separately offered hotel.
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The word “landmark” in descriptions of The Bloc reflects its prominence and history in downtown Los Angeles; the cited materials do not establish a formal historic designation.
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