Los Angeles Convention Center Has Biggest Year Ever

The Los Angeles Convention Center had a big year. The Convention Center reported an operating surplus of $10.2 million, a 5% increase from the previous year’s surplus of $9.7 million. It’s the biggest surplus since AEG took over management of the 46-year-old facility; before that December 2013 handover, the city operated the Convention Center, usually […]

Los Angeles to Have Fully Electric Bus Fleet by 2030

The city of Los Angeles just announced plans to have a fleet of fully electric, zero-emissions buses by 2030. Authorities said the project, which involves the purchase of 2,200 vehicles, would cost some $1 billion over the next ten years. “Today’s vote represents an enormous investment in the future of a healthy and prosperous Los […]

Los Angeles to Host 2028 Summer Olympics

Earlier this month, the International Olympic Committee took the unusual step of picking Paris and Los Angeles to host the 2024 and 2028 Summer Games, but leaving it to the cities to negotiate the order. According to Los Angeles Mayor Eric Garcetti, his residents should be prepared to wait an extra four years before the […]

Massive Metropolis Complex Opens in DTLA

The first condominium tower in Metropolis, one of the biggest real estate developments in Los Angeles history, officially opens Thursday amid a wave of construction that is crowding the downtown skyline with new tall buildings. The long-anticipated $1-billion luxury condo-and-hotel complex rising along the Harbor Freeway is one of a handful of mega projects being […]

DTLA Site Sells For $795 Per Sq.Ft.

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 Celebrates its 100th Anniversary

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 […]

The Self-Driving Car Trend Could Impact Development Strategies

The utopian idea of self-driving cars roaming the streets of Los Angeles has some real estate professionals scratching their heads. Many think the trend could lead to massive roadway and traffic redesigns, which could drastically reshape real estate development patterns. The most significant change could be a reduced need for parking, meaning that developers won’t […]