The building's exterior also holds one of the tallest neon signs in Los Angeles.

[2] To allow the widening of Olive Street in the mid-1930s, a "10-foot slice" was removed from the center of the Commercial Exchange Building and engineers rejoined the remaining halves by sliding the western portion eastward.

[2] Total cost of the removal and realignment was $60,000, the Los Angeles Times reported in 1935.

[2] Edgar Rice Burroughs operated his publishing company from offices in the Commercial Exchange Building.

[2] A year later, in 2014, it was acquired by the Sydell Group, with financial backing from AllianceBernstein and Yucaipa Companies, an investment firm owned by billionaire Ronald Burkle.