The ownership of Citicorp Plaza changed.
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Prudential Insurance of America announced that it has bought out Oxford Properties, its 50% partner in the second and third phases of the $650-million office building project in downtown Los Angeles. The price was not disclosed. The first office building--owned jointly by Citicorp, Prudential, Oxford and the law firm of Lillick, McHose & Charles--opened last year. The other two office towers are expected in open in the late 1980s and early 1990s.
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