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A foreign investor paid $26.5 mil for a multifamily development site in downtown Los Angeles. The property is entitled for a 24-story, 241-unit condo project that includes retail. The site sold for $795 per square foot. The site is located at 1135 W. 7th St. and is directly adjacent to the planned new Mayfair Hotel, […]
Grand Central Market is celebrating its 100th anniversary this year! The 30,000-square-foot open-air arcade of food vendors opened in 1917. At the time it was declared “the largest and finest public market on the Pacific Coast.” Standing at the intersection of culture and cuisine, the market’s transformation continues as food truck sensation Eggslut and Golden […]
New renderings of the major mixed-use development City Market, planned for the Fashion District, was released this week at the Downtown Los Angeles Neighborhood Council’s Planning and Land Use Committee meeting. The massive project is expected to span across nearly 10 acres and would transform Downtown Los Angeles’ Fashion District. Plans call for the project […]
After 16 years of waiting, Angelenos will finally have access to Los Angeles State Historic Park. The 32-acre site between Chinatown and the Los Angeles River will open Saturday, April 22, after construction was repeatedly stalled due to budgeting issues, the Los Angeles Times reported. The city had originally planned to build an industrial and […]
Mark your calendar and remember these predictions for 2017. Los Angeles industrial real estate will reach and top $400 per square foot. The confluence of cheap loans, massive demand, alternative uses, low vacancy and foreign money creates the perfect storm for an increase in values. Many off market opportunities exist and there are many well […]
Los Angeles Streetcar The Downtown LA Streetcar will be a modern, fixed-rail streetcar that offers new choices for how you connect to downtown’s neighborhoods, restaurants and bars, cultural and entertainment landmarks, and regional transportation resources—including Metro’s growing rail network. The four-mile route will run approximately 18 hours a day to connect riders with places like South Park, the Financial […]
On January 10, 2017, the Lucas Museum’s board of directors announced that the Lucas Museum of Narrative Art complex would be built in Exposition Park, adjacent to the USC campus. Los Angeles was chosen over a site on San Francisco’s Treasure Island. The museum is being designed by Ma Yansong and will display Lucas’ collection […]