business
Port of Long Beach's $36 million tower purchase aims to revitalize downtown
Summary by The Los Angeles Editorial Desk Mekahlo Medina , as published by NBC Los Angeles (KNBC)
· August 5, 2026
· 1 min read
Photo: NBC Los Angeles (KNBC) · view original
Story provenance No corrections
Summary created by The Los Angeles Editorial Desk — automated, rule-governed Byline on source page Mekahlo Medina, as published by NBC Los Angeles (KNBC) Original story Read at the source Source published Aug 5, 2026 Indexed here Aug 6, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
Every story comes with a passport. How we work · Corrections log
Key takeaway The building, located at 100 Oceangate, is intended to serve as a hub for maritime companies.
The Port of Long Beach has purchased a 13-story office tower for $36 million. The building, located at 100 Oceangate, is intended to serve as a hub for maritime companies. Its location offers a view of the port and overlooks downtown.
The purchase is part of an effort to increase business in the downtown area. Further details about the plans for the tower are available from the Port of Long Beach. The office tower's acquisition is connected to the city's AnchorLB initiative, which aims to attract international shippers and logistics firms to downtown.
For more information on this initiative and the tower's purchase, readers can refer to the source.
Why this matters
Local business news drives decisions about where to shop, where to invest, and where to apply for jobs. The Los Angeles covers openings, closings, expansions, and economic shifts because each one ripples through the community.
About this story
As published by NBC Los Angeles (KNBC) . The Los Angeles surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit NBC Los Angeles (KNBC) . Have a tip or correction? Contact our newsroom .
Category: business Published: August 5, 2026 Source: NBC Los Angeles (KNBC) Reading time: 1 min
Frequently asked about this story
What is this story about? The Port of Long Beach has purchased a 13-story office tower for $36 million. The building, located at 100 Oceangate, is intended to serve as a hub for maritime companies. Its location offers a view…
When was this published? This article was first published on August 5, 2026 by NBC Los Angeles (KNBC) and curated for The Los Angeles readers.
Who reported this story? This story was reported by Mekahlo Medina at NBC Los Angeles (KNBC). To learn more about how The Los Angeles selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Los Angeles, or browse our daily briefing and topic hubs .
← Back to all news
More business →
Today’s briefing
Subscribe to newsletter
