The Sterling Plaza (also known as the California Bank Building) is a historic building in

Beverly Hills, California Beverly Hills is a city located in Los Angeles County, California. A notable and historic suburb of Greater Los Angeles, it is in a wealthy area immediately southwest of the Hollywood Hills, approximately northwest of downtown Los Angeles. B ...

Location

The building is located at 9429–9441 on

Wilshire Boulevard Wilshire Boulevard is a prominent boulevard in the Los Angeles area of Southern California, extending from Ocean Avenue in the city of Santa Monica east to Grand Avenue in the Financial District of downtown Los Angeles. One of the principal ...

, in the City of Beverly Hills, California.Los Angeles Conservancy: Sterling Plaza
/ref>Emporis: California Bank Building
/ref>Suzanne Tarbell Cooper, Amy Ronnebeck Hall, Frank E. Cooper, Jr., ''Los Angeles Art Deco'', Arcadia Publishing, 200

/ref>

History

Construction was completed in 1929. It was designed by the architectural team

John and Donald Parkinson John and Donald Parkinson were a father-and-son architectural firm operating in the Los Angeles area in the early 20th century. They designed and built many of the city's iconic buildings, including Grand Central Market, the Memorial Colise ...

in the

Art Deco Art Deco, short for the French ''Arts Décoratifs'', and sometimes just called Deco, is a style of visual arts, architecture, and product design, that first appeared in France in the 1910s (just before World War I), and flourished in the Unite ...

style. With seven stories, it is high. It was built for the

California National Bank of Beverly Hills California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territori ...

. As a result, it was first known as the California Bank Building. The building was completed just before the

Wall Street crash The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange colla ...

. It was later acquired by

Louis B. Mayer Louis Burt Mayer (; born Lazar Meir; July 12, 1882 or 1884 or 1885 – October 29, 1957) was a Canadian-American film producer and co-founder of Metro-Goldwyn-Mayer studios (MGM) in 1924. Under Mayer's management, MGM became the film industr ...

, the head of

MGM Metro-Goldwyn-Mayer Studios Inc., also known as Metro-Goldwyn-Mayer Pictures and abbreviated as MGM, is an American film, television production, distribution and media company owned by Amazon through MGM Holdings, founded on April 17, 1924 a ...

. Marc Wanamaker, ''Beverly Hills: 1930-2005'', Arcadia Publishing, 200

/ref> In the 1990s, the building was acquired by

Donald Sterling Donald T. Sterling (born Donald Samuel Tokowitz; April 26, 1934) is an American attorney and businessman who was the owner of the San Diego / Los Angeles Clippers professional basketball franchise of the National Basketball Association (NBA) fro ...

and renamed the Sterling Plaza. In 1976, he leased the California Bank Building on Wilshire Boulevard in Beverly Hills, and renamed it Sterling Plaza. The Art Deco landmark was built in 1930 by MGM cofounder Louis B. Mayer. In 2000, Sports Illustrated senior writer Franz Lidz revealed that Sterling had a 99-year lease with the Mayer estate that required him to pay a relatively small annual fee and 15% of any rental income, which was why Sterling had remained the sole tenant. "With no other tenant," Lidz reported, "the Mayer estate faces another 75 years with virtually no income from its Sterling Plaza property. By sitting and waiting, Sterling may force a fire sale."

References

Buildings and structures in Beverly Hills, California Buildings and structures completed in 1929 Art Deco architecture in California {{California-struct-stub