 I. Magnin closed, while Bullocks Wilshire held out until 1993.Rental rates in office buildings plummeted from an average of $1.65/sq ft to a dollar between 1991 and 1996; property values dropped from a high of $120/sq ft to $30 or $40 per foot in 1998.Wilshire Center lost most of its remaining original glitter following the 1992 Los Angeles riots and the 1994 Northridge earthquake.