Prang v. L.A. County Assessment Appeals Bd. CA2/3

California Court of Appeal·Decided August 26, 2026·No. B351304·Unpublished

Opinion

Filed 8/26/26 Prang v. L.A. County Assessment Appeals Bd. CA2/3 NOT TO BE PUBLISHED IN THE OFFICIAL REPORTS

California Rules of Court, rule 8.1115(a), prohibits courts and parties from citing or relying on opinions not certified for publication or ordered published, except as specified by rule 8.1115(b). This opinion has not been certified for publication or ordered published for purposes of rule 8.1115.

IN THE COURT OF APPEAL OF THE STATE OF CALIFORNIA

SECOND APPELLATE DISTRICT

DIVISION THREE

JEFFREY PRANG, as County B351304 Assessor, etc., (Los Angeles County

Plaintiff and Appellant,

Super. Ct. No. 25STCP01036)

v.

LOS ANGELES COUNTY ASSESSMENT APPEALS BOARD NO. 4,

Defendant;

GI TC ONE WILSHIRE, LLC,

Real Party in Interest and Respondent.

APPEAL from a judgment of the Superior Court of Los Angeles County, Curtis A. Kin, Judge. Reversed with directions.

Law Office of Albert Ramseyer and Albert Ramseyer for Plaintiff and Appellant.

No appearance for Defendant. Greenburg Traurig, Colin W. Fraser, Cris K. O’Neall, and Blake M. Thomas for Real Party In Interest and Respondent.

‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗‗

This appeal asks whether the minimum pleading requirements for a petition for writ of administrative mandate have been met, sufficient to defeat a general demurrer (or as here, the equivalent motion for judgment on the pleadings). The test is the same as it is in most civil cases. The petition must (i) set forth ultimate facts sufficient to (ii) state a valid cause of action.

The petition here met this basic test, so we reverse the trial court which found to the contrary.

BACKGROUND

In 2014, GI TC One Wilshire, LLC (One Wilshire)

purchased a building at 624 South Grand Avenue, Los Angeles (the property) in July 2013 for $437,500,000. The property is located at the physical terminus of several major undersea fiber optic cables, and at the time of the sale was leased primarily for use as a “carrier hotel,” a building that hosts web servers for web hosting organizations and large enterprises. (<https://www.pcmag.com/encyclopedia/term/telecom-hotel> [as of Aug. 26, 2026], archived at <https://perma.cc/W52W-WQUD>.) The property’s upper floors were leased as office space.

After the property’s transfer, the Los Angeles County Assessor (Assessor) appraised it to establish a property tax base.

The Assessor determined that the property’s fair market value was its sale price of $437,500,000 as of tax year 2014, attributing $37,500,000 to the land and $390,500,000 to improvements. 1. The administrative proceedings.

One Wilshire filed a challenge to the Assessor’s valuation with the Los Angeles County Assessment Appeals Board (Board).1 One Wilshire contended that the sale price included a nontaxable “ ‘peering premium’ ” and that the property’s taxable value was $243,000,000. One Wilshire argued that the property had attracted hundreds of telecom lessees who were willing to pay above-market rents because the proximity of other Internet servers—i.e., “ ‘peering’ ”—“makes their telecom services faster, more efficient, and more reliable.” One Wilshire argued that this “ ‘peering premium’ ” was an intangible asset that should be subtracted from the property’s sale price to determine the property’s taxable value.

The Board took testimony and issued a written decision in September 2024. It summarized the testimony of the witnesses and made findings.

The Board noted that intangible assets are not taxed as real property. That is, taxing authorities are required to value intangible assets and remove that value from a property’s taxable base. Intangible assets are those, such as trade names, logos,

1 The Board sits as the Board of Equalization of Los Angeles County. The Board is a quasi-judicial body that settles valuation disputes between the taxpayers and the Assessor. (<https://bos.lacounty.gov/services/assessment-appeals/> [as of Aug. 26, 2026], archived at <https://perma.cc/WSU3-PPKU>.)

customer relationships, and goodwill, whose value is not attributable to real property or tangible personal property.

The Board concluded that the property’s sale price included an intangible asset—namely, a “peering premium”—that it described as follows:

“[T]he [property] is a ‘carrier hotel,’ that ‘powers the internet’ and one of the most important Data Centers and points of internet connectivity in the United States. [One Wilshire] has built an ecosystem of hundreds of telecom companies that, because of the [property’s] extensive infrastructure, can connect to the core of the internet and each other, i.e., ‘peering’, without connecting to the public internet. . . . The evidence also shows that the telecom companies in the [property] pay a premium for the telecom office space as compared to traditional office space or basic telecom office space in other buildings. The Board finds that the evidence supports [One Wilshire’s] claim that the ‘peering premium’ is an intangible asset.”

The Board found that telecom offices in buildings with very few other telecom offices—“tier two” offices—rented for $3 per square foot per month, which the Board found “represents value attributed solely to real estate and does not represent intangible value.” In contrast, telecom offices in buildings with a “ ‘critical mass’ ” of Internet service providers—“tier one” offices—rented, on average, for $4.73 per square foot per month. The Board concluded that the additional $1.73 per square foot in rent ($4.73/square foot – $3.00/square foot = $1.73/square foot) that tier one buildings were able to charge was an intangible asset “that does not inhere in the buildings and furnishings.”

The Board calculated that the rents the property was able to attract over comparable “tier two” buildings totaled $8,366,280 per year ($1.73 per square foot per month x 12 months x 403,000 square feet of telecom space). The Board then adopted a capitalization rate of 10.53 percent, by which it divided $8,366,280, to calculate a “ ‘peering premium’ ” of $77,863,000. The Board thus concluded that the property’s taxable value was its purchase price of $437,500,000, less its intangible value of $77,863,000, for a total of $359,637,000. 2. The mandate proceedings.

The Assessor sought review of the Board’s decision by filing a petition for writ of administrative mandate in the trial court in March 2025 (Code Civ. Proc.,2 § 1094.5), and filed the operative first amended petition in April 2025.3 The petition alleged that the Board abused its discretion in three separate ways by concluding that One Wilshire’s critical

2 Further statutory references are to the Code of Civil Procedure. 3 Separately, One Wilshire filed a refund complaint against the County (GI TC One Wilshire LLC v. County of Los Angeles, Los Angeles Superior Court case No. 25STCV08289). In March 2025, the Assessor filed a notice that the mandate and refund cases were related. One Wilshire agreed. The trial court nonetheless declined to relate the two cases, and the refund action remains pending in a different department. The Assessor suggests that if we reverse the judgment in this case, we should direct the cases be related. The Assessor has not cited authority suggesting that this issue is before us in this appeal, and thus we deny the request. We express no opinion on the matter should either party renew the request in the trial court.

mass of telecommunications leases was non-assessable intangible asset: (1) the Board “did not decide the case . . . in the manner required by law,” (2) its decision “is not supported by the findings,” and (3) “the findings are not supported by the evidence.”

Free access — add to your briefcase to read the full text and ask questions with AI

Prang v. L.A. County Assessment Appeals Bd. CA2/3, (Cal. Ct. App. 2026).

Prang v. L.A. County Assessment Appeals Bd. CA2/3 (Prang v. L.A. County Assessment Appeals Bd. CA2/3) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

People v. Johnson
606 P.2d 738 (California Supreme Court, 1980)
Ocheltree v. Gourley
126 Cal. Rptr. 2d 77 (California Court of Appeal, 2002)
Roddenberry v. Roddenberry
44 Cal. App. 4th 634 (California Court of Appeal, 1996)
Fire Insurance Exchange v. Superior Court
10 Cal. Rptr. 3d 617 (California Court of Appeal, 2004)
Doe v. City of Los Angeles
169 P.3d 559 (California Supreme Court, 2007)
Gerawan Farming, Inc. v. Agric. Labor Relations Bd.
234 Cal. Rptr. 3d 88 (California Court of Appeals, 5th District, 2018)
York v. City of Los Angeles
245 Cal. Rptr. 3d 731 (California Court of Appeals, 5th District, 2019)