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Even though the downtown area represents just 1% of Los Angeles' acreage, planners expect it to accommodate 20% of the city’s housing growth over the next two decades. Construction cranes hover ...
A report released by real estate services firm NAI Capital said that in the third quarter of 2024, Los Angeles County’s commercial real estate market experienced a sharp 18.4% year-to-date ...
Started in 1983, the Two California Plaza tower was completed in 1992 during a significant slump in the downtown Los Angeles real estate market. The tower opened with only 30 percent of its space leased and overall vacancy rates in downtown office space neared 25 percent. [7]
During the 1990s, Palmer focused on building more than 2000 market-rate housing in downtown Los Angeles and its suburbs. [ 9 ] In 2001, Palmer completed the 632-unit Medici, the first of a series of downtown Italian-inspired apartment blocks situated beside freeways, [ 10 ] [ 11 ] which coincided with a revival of downtown Los Angeles . [ 12 ]
California Plaza was a ten-year, $1.2 billion project. Started in 1983, the Two California Plaza tower was completed in 1992 during a significant slump in the downtown Los Angeles real estate market. The tower opened with only 30 percent of its space leased and overall vacancy rates in downtown office space neared 25 percent. [7]
When you think of a $1 million home, you probably think of a mansion in a prime area of town. Unfortunately, for those looking to buy in Los Angeles, low seven figures likely won't come close to ...
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