Completed in 1967, the building served as the world headquarters for Bechtel before the company moved to Reston, Virginia.[3] The building has also served as headquarters for Blue Shield of California between 1996 and 2018.[4] In 2006, Blue Shield renewed its lease and acquired naming rights to the building. The building has formerly been known as the Bechtel Building and subsequently the Blue Shield of California Building.[5]
Broadway Partners acquired the building in 2007.[6] A joint venture of The Rockefeller Group and Mitsubishi Estate New York acquired the building in September 2012.[7] The building was sold to Paramount Group, Inc. for approximately US$395 million in September 2014.[8]
The building features a 1920 railcar used by Steve Bechtel. The private railcar was the Bechtel family home in the 1920's and was the living quarters of the Bechtels when constructing the Hoover Dam.[9]
