^ Aaaaaaand cue the "but the filming revenue!" people.
In other (sort of) positive news, some good leasing activity downtown. I'm a little disappointed that this is essentially an office use taking up a prime retail location, but maybe they'll have a cool showroom or window display. This is for the ground floor retail space in the 6-story mid-rise along Flower Street. From the
Los Angeles Business Journal.
Honda Car Designer Heading Downtown
By JACQUELYN RYAN
Friday, August 24, 2012
Honda R&D Americas Inc. is moving one of its design studios to downtown Los Angeles, only steps from L.A. Live and the Los Angeles Convention Center.
The company, a unit of America Honda Motor Co. Inc.,
signed a five-year deal last week for about 6,500-square-feet on the ground floor of 901 S. Flower St., a funky postmodern structure known as the Apex building. Terms of the deal with ST Residential, a subsidiary of Starwood Capital Group of Chicago, were not disclosed. Monthly rates at the building are about $4.50 a square foot, according to CoStar Group Inc.
The studio, known as the Honda Advanced Design Studio, had been at 39 N. Raymond Ave. in Pasadena, in the same amount of space, since 2006. But Honda wanted to move, in part to be near the bustling scene and Convention Center, site of the annual L.A. Auto Show.