Los Angeles Board of Trade Building, Beaux-Arts skyscraper in Downtown Los Angeles, United States
The Los Angeles Board of Trade Building is a 14-story skyscraper at the corner of Main Street and Seventh Street designed in the Beaux-Arts style. It features classical arches, ornamental cornices, and tall windows arranged vertically across its facade.
Opened in 1929, the building was designed by Claud Beelman and Alexander Curlett. From January 1930 it housed the California Stock Exchange; its second-floor trading floor, 89 by 90 feet, held 300 brokers and six trading posts. The first trade was 100 shares of Bolsa Chica Oil 'A'. A syndicate represented by Gray Phelps & Co. bought it in 1945 for $1,250,000.
The building's name comes from the Board of Trade, and its second-floor trading floor was modeled on the New York Stock Exchange, with six trading posts and price indicators for 384 issues. The first trade there, in January 1930, was 100 shares of "Bolsa Chica Oil 'A'." Visitors can still see the building's Beaux-Arts facade at Main and Seventh streets.
The building sits in downtown Los Angeles and is easily accessible by public transportation, being located at a major intersection. The lower floors house retail shops and restaurants, while upper floors have been converted to residences that remain occupied today.
This building pioneered the first automated elevators on the Pacific Coast, eliminating the need for manual operators. This innovation was groundbreaking at the time and changed how tall buildings were operated in the region.
The community of curious travelers
AroundUs brings together thousands of curated places, local tips, and hidden gems, enriched daily by 92,629 contributors worldwide.