Bank of Hope Relocates Headquarters to Aon Center in 50K SF Downtown LA Lease

Bank of Hope relocates its Los Angeles headquarters to the iconic Aon Center at 707 Wilshire Blvd, signing a 50,000 SF lease amid high DTLA office vacancy.

By: AXL Media

Published: Mar 21, 2026, 7:26 AM EDT

Source: Bisnow

Relocation and Ownership Details

The Aon Center’s ownership group, Carolwood LP, includes principals Daniel Abrams, Andrew Shanfeld, and Adam Rubin, as well as Colliers Senior Vice President Adam Tischer, who assembled the group. The lease was brokered by Matthew Heyn and Ian M. Gilbert of Colliers on behalf of the landlord, while Hayden Eaves of Avison Young represented Bank of Hope. This relocation places the bank in a high-profile "Class A" environment, moving them from the periphery of the Wilshire corridor directly into the dense financial core of Los Angeles.

Market Context and Vacancy Trends

The lease comes at a challenging time for the Downtown Los Angeles (DTLA) office sector. According to Cushman & Wakefield, the Central Business District submarket saw an overall vacancy rate of 31.7% in the final quarter of 2025. Bank of Hope’s commitment to a 50,000 SF footprint is a significant absorption event in a market that has struggled with post-pandemic occupancy. However, the Aon Center has maintained momentum; last year, the tower successfully secured a full-floor lease with the Consulate General of India, suggesting that well-located, iconic assets continue to outshine the broader market.

Strategic Rationale: Flight to Quality

Bank of Hope’s move is a textbook example of the "flight to quality" trend. As office valuations have corrected, high-credit tenants are taking the opportunity to upgrade their workspace and prestige while often securing favorable lease terms. For a financial institution, being situated in the Aon Center—standing prominently next to the U.S. Bank Tower—provides a level of brand visibility and accessibility that is difficult to replicate outside of the DTLA core. The move likely consolidates executive functions into a more modern, amenity-rich environment designed to support hybrid work models and talent retention.