Catholic Archdiocese of Los Angeles has sold its 12-story
administrative headquarters building to help pay last year's
$660 million settlement with people alleging sex abuse
by clergy, a spokesman said Tuesday.
Catholic Center was sold to Jamison Properties of Los
Angeles for $31 million, archdiocese spokesman Tod Tamberg
oversee the archdiocese's cemeteries will move to office
space on the grounds of a cemetery, Tamberg said. Others
will consolidate in four of the building's floors that
church officials will lease from the new owner,
he said, adding that he did not know what would
be on the building's other eight floors.
Properties president David Lee did not immediately respond
to a phone message seeking details.
Mahony announced last year that the archdiocese would sell
the Catholic Center and other church properties to raise
money to settle hundreds of sexual abuse lawsuits.
Church officials had identified about 50 other
nonessential properties that could be sold to fund
The deal reached
last year with sexual abuse plaintiffs settled all 508
cases that remained against the archdiocese, which also paid
$60 million in 2006 to settle 45 cases that weren't
covered by sexual abuse insurance.
Center is the archdiocese's first major sale aimed
specifically at paying for the settlement, Tamberg said. Ray
Boucher, the lead plaintiffs' attorney, did not
immediately return calls for comment on the sale.
building on Wilshire Boulevard was donated to the
archdiocese in 1995 by drug store operator Thrifty PayLess.
The company moved after the area was hit by the 1992
riots, which were sparked after several white police
officers were acquitted in the beating of black
motorist Rodney King.
At the time, the
building was valued on county books at $18 million,
though real estate experts said it was worth no more than $7
million if sold to be leased out office by office.