^I pass by that construction site everyday, and man have they moved at a snail's pace.
http://www.bloomberg.com/news/2014-0...vestments.html
A nice profile from Bloomberg on Jerry Snyder, who is currently developing the Vermont Towers and several other large projects in the LA area.
Some highlights:
1601 Vine Street (8 stories/107,000 sq ft office) is scheduled for a September groundbreaking.
The Museum Square Office Tower (13 stories/250,000 sq ft office) is being built-to-suit for an unspecified client. Right across the street from the La Brea Tar Pits.