The State Building was completed in 1931 at a cost of more than $2 million, and was dedicated the day before the opening of the 1932 Olympics. It occupied most of the block bounded by 1st & Temple Streets, and Spring and Broadway. The building sustained significant damage from the 1971 San Fernando earthquake, and was torn down in 1975 or 1976
Possibly related to the article: HOOVER DAM TRIP LAUDED: "Times'" Guests Return Home All Expectations Outdone in Transportation Serviceand Other Features, Los Angeles Times: 05 March 1935: A2.