Downtown L.A. fixture PwC will move to Century City

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Set us as preferred In another blow to the struggling downtown office rental market, longtime stalwart corporate tenant PricewaterhouseCoopers has agreed to move its Los Angeles offices to Century City.London-based PwC is one of the world’s largest accounting and professional services firms, perhaps best known publicly as the official tabulator of votes for Hollywood’s annual Academy Awards.Its logo is widely visible atop a 52-story skyscraper on Figueroa Street in downtown’s financial district, but PwC’s lease there expires in 2028 and the firm has agreed to move that year to a premier building in Century City.

Business Businesses want the mayoral candidates to deal with downtown’s entrenched troubles.The company has been a presence downtown since the late 1990s and leased its current office space on Figueroa Street in 2013.Employees were notified Monday of the pending transition to 2121 Avenue of the Stars.The red-granite and glass building overlooking Fox Studio Lot was formerly called Fox Plaza, but may be better known to movie fans as fictional Nakatomi Plaza, where Bruce Willis fought terrorists in “Die Hard.” Ronald Reagan kept offices in the 34-story tower after his presidency.“This move is about growth, connectivity, and the future of our Los Angeles business,” said Office Managing Partner Andy Sofield in a statement to The Times.

“PwC has continued to grow in the market, and the new Century City office gives us additional space in a location that better supports our people, clients, and teams across the region.“Century City offers strong access to clients, our people, transportation corridors, and airport access,” Sofield said.“It is also a return to a neighborhood where PwC previously had an office more than two decades ago.

We evaluated multiple options and determined Century City was th...