Quote:
Originally Posted by ThreeHundred
Citywatch. The broken record.
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threehundred, speaking of "broken records", I've yet to see some new devlpt or proposal in dt that doesn't end up being grumbled about here. Constant complaints about a new proposal or devlpt being too short, being too burban, having too much parking, catering to ppl with cars, lacking stores on the 1st floor, having stucco instead of granite, having bad design. A calculator would be needed to add up all the times in over 5 yrs that the vegasy euro apt bldgs have gotten a:
I have a hunch that far more ppl who aren't into forums like this barely notice or are as bothered by....or couldn't care less about....such issues compared with all the ppl who respond to the hood as my friend did several wks ago, and many others who've I been with in dt through the yrs.
ppl in this thread may groan about new projs or devlpt as described above, yet they can't figure out why projs like the grand wilshire are struggling to move forward? They believe that doing this....
....will somehow, like magic, make the problems of dtla vanish & allow the hood to turn into a wonderland? That the grand wilshire will have to be built even faster & made even larger cuz demand is greater. That other devlprs will want to follow in the footsteps of the owner of the grand wilshire cuz the need is there.
I wish it were that easy.
I don't think sticking one's head in the ground & pretending to be an ostrich is going to change things like this.....
Quote:
http://www.latimes.com/business/realestate/la-fi-commre-overview-20121021,0,6621577.story
The bright spot in Los Angeles County continued to be the neighborhoods of Santa Monica, Venice and Playa Vista, where growing technology and entertainment companies are snapping up space, undeterred by rising rents.
As one travels east, though, the picture grows more spotty for landlords.
"It's like a wave heading out from Santa Monica," broker Josh Wrobel said. "Only a small bit of water hits downtown L.A."
Office vacancy in Los Angeles County was 18.7% in the third quarter, compared with 19% a year earlier, according to real estate brokerage Cushman & Wakefield. Average rent rose 3 cents to $2.50 per square foot per month.
Vacancy is rising downtown, however, even though the neighborhood is enjoying a sustained renaissance. Thousands of new residents who arrived in the last decade have a growing number of restaurants, bars and stores to patronize, and downtown is a regional destination for entertainment such as professional sports and musical performances.
The challenge for many downtown office landlords is that their gleaming high-rises were created to please the tastes of conservative white-collar corporations. The companies most in need of more space, however, are made up of creative types who find such office buildings too square to bear.
Downtown vacancy is 20.5%, up from 18.3% in the third quarter of last year. Landlords of a handful of prime buildings have vacancy closer to 10%, though, and are starting to demand higher rents. As a result, average rent was up 6 cents to $2.91 per square foot.
The news is better for landlords in Orange County, where office buildings near John Wayne Airport are filling up — third-quarter vacancy fell 4 percentage points to about 16% from the same period a year earlier.
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parking lots & 
about that, & are the reasons lots more ppl in LA are favoring hoods near Samo or elsewhere instead of dtla.
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