Here and Gone

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Beneficial Standard Life Insurance

3700 Wilshire Blvd.

Built in 1970 to house Beneficial’s insurance operations and sold to Bechtel Group in the

late 1970s. Beneficial Life was sold to California Federal in 1985, then to Conseco in 1991. By then, all Beneficial Life operations in the building had ceased. The building was sold again in 1988 to a group of private investors, then went into foreclosure in the early 1990s and was purchased by Jamison Properties. It now has a mixture of ethnic Korean, non-profit and other professional service tenants.



Equitable Life Insurance Co.


3435 Wilshire Blvd.

Equitable built and occupied the building in 1969. It was then sold to a private investment group in the late 1970s. Much of Equitable’s operations moved out

in the late 1980s. (The company was renamed Axa Equitable in 2004.) In mid-1990s, the property was sold to David Lee. It now houses California Center Bank, government tenants including the state of California non-profits and small professional firms.



Pacific Indemnity Insurance Co.


3200 Wilshire Blvd.

Chubb Group of Insurance Cos. bought Pacific Indemnity in the late 1970s. The building was then sold to a private investment group. Chubb moved its offices to downtown L.A. in the late 1980s. The building was foreclosed by Chase Bank in the early 1990s; then Dr. David Lee’s Jamison Properties bought it out of foreclosure. The building now has a mix of tenants, including the County of Los Angeles, small financial services firms and Korean businesses.



Pierce National Life Insurance Co.


3807 Wilshire Blvd.

Built for Pierce in 1970-71, the building was sold in the late 1980s to a Korean investor. Pierce eventually was acquired by Fortis Benefits Insurance Co. and employees moved to other Fortis offices. The building went into foreclosure in the early 1990s and was acquired by Dr. David Lee’s Jamison Properties. Renamed Wilshire Court Financial Center, it now has mix of financial service tenants, state and county offices and non-profits.

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Howard Fine
Howard Fine is a 23-year veteran of the Los Angeles Business Journal. He covers stories pertaining to healthcare, biomedicine, energy, engineering, construction, and infrastructure. He has won several awards, including Best Body of Work for a single reporter from the Alliance of Area Business Publishers and Distinguished Journalist of the Year from the Society of Professional Journalists.

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