Landlord That Mirrored Property Boom and Bust to Shut Down

BentleyForbes once owned such renowned properties as the Watergate office complex in Washington and Bank of America Plaza, Atlanta’s tallest skyscraper. Now the company is on the verge of vanishing.

C. Frederick Wehba, who co-founded the Los Angeles-based real estate firm in 1993 and was chairman until 2012, said he will announce his official separation as an adviser and consultant this week. BentleyForbes now has just three employees and manages four properties, two of them small office buildings in Cleveland and Toledo, Ohio. It plans to sell the real estate within the next 12 months, then dissolve, Wehba said.