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Originally Posted by Quixote
Bikemike is edluva, for those of you who haven't picked up on it.
I think he brings up good points, and I agree with his overall message. But I also think LA being so diverse and full of cultural amenities (including quality higher education institutions) gives it a certain cachet and dynamism that DC, Seattle, and Houston just don't have. That cachet ensures that LA will never be reduced down to being just a glorified Miami.
I also think it's important to point out that LA's tech/biotech sectors are growing, although it hasn't resulted in IPO after IPO after IPO. LA being home to high-ranking engineering graduate programs (CalTech, USC, UCLA) and its proximity to SF and SD means that it has the opportunity to incubate talent and capture talent from those two cities... those that find the Bay Area too competitive/expensive and SD too boring. And F500 companies moving to TX are part of a larger ongoing trend, of which the Bay Area has hardly been immune to. Major legacy companies like McKesson and Charles Schwab have moved (or will soon move) to DFW, Bechtel to NoVA.
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What bikemike doesn't understand is that greater L.A. is a solar system. It has everything. It is part San Francisco, Houston, Miami, Atlanta, Phoenix, Boston, Mexico City, Seoul, Tokyo, Shanghai, Saigon, Manilla, London, Berlin, Tehran, Yerevan, Mumbai, Moscow, Tel Aviv, Lagos, Sydney, Nashville, Bakersfield, Des Moines and many more. It is a Universe of many parts. It has genius and idiocy, vast wealth and vast poverty, great beauty and shocking ugliness. It has more graduate students than Boston and the Bay Area combined, and more blue collar workers than any number of rust belt cities. It cannot be characterized or generalized, because it is everything. It is the world.
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Now, like moderator colemonkee says, let us get back to high rise development in DTLA!
I agree with caligrad-- more project updates and photos please. I rarely get up to DTLA anymore. For example, any progress in getting Oceanwide finished? Any photo updates of Grand project or Brookfield (the 64 floor tower next to 777 Fig) that is supposed to be starting construction, etc? As a former LA native now in SD, This is my info source on the city I will always love most.