The Bloc, a massive mixed-use complex in the heart of downtown Los Angeles, is on the block for sale as the commercial property market shows signs it is bottoming out with buildings changing hands at big discounts.
The complex fills a city block in the financial district with an office skyscraper, the high-rise Sheraton Grand hotel and a shopping center that is home to a Uniqlo and Alamo Drafthouse Cinema.
It is an unofficial downtown landmark that was considered chic when it opened as an indoor mall in the 1970s. For years, tourists flocked to the premier address at 7th and Flower streets…