Category Archives: Downtown Los Angeles

The rise of creative conversions in Los Angeles

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What does a former aircraft hangar, automotive plant and produce distribution facility have in common? They are all being re-invented as creative office and leased to high-profile tenants.

LA’s 1Cal team wins big at TOBY awards

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Thursday, October 6, 2016 marked the Building Owners and Managers Association’s 31st annual TOBY (The Outstanding Building of the Year) awards ceremony. The JLL team from 1 Cal Plaza, owned by Beacon Capital Partners, submitted their property for the last category of the night, the TOBY for “Over 1 Million Square feet”. As the time came for the final winner to be announced the entire 1Cal team, including Group Manager and Vice President, Peter… Read More

Getting to know Hayley English Blockley

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Hayley English Blockley is a Senior Vice President based in JLL’s Downtown Los Angeles office. Her focus is agency leasing and she dabbles in tenant representation. Her expertise is in creative, media and entertainment-related real estate. Along with her team, she represents two private studio lots, adaptive-reuse creative office buildings, historic and new office construction from Playa Vista to Warner Center. Her team recently completed leasing The Reserve in Playa Vista (where… Read More

The Los Angeles metro area represents the largest economy on the west coast

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Not only does the Los Angeles metro have one of the largest population on the west coast, the region generated $866.7 billion in economic output (Gross Metro Product) placing Los Angeles at the top of the leading west coast markets. COW_LA_22Aug2016

The metro maintains a highly diversified economy supported… Read More

Unlock employee and profit potential with individual-friendly work space

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Do you think employee happiness is just a nice to have? Think again. Employees are a company’s most important asset, and happy employees just might mean higher profits. This USA Today article uncovered that publicly traded companies in the Fortune 100 Best Companies to Work For list have gained an average 10.8% a year since 1998. Many of the publicly traded companies named as Best Companies to Work For in 2013… Read More

Highlighting our Southwest Skyline

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From coast to coast, our city skylines are a source of pride and community. It’s not surprising that top-tier office buildings in our urban cores continue to report lower vacancies, higher rents and more developer interest.

The anticipated Skyline Review is back, and more advanced than ever before.

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In case you… Read More

Need more housing? Build! Build! Build!

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Los Angeles has been transforming into an increasingly unaffordable city as home prices and rents have continued to rise and the housing supply has not been able to keep up with demand.

One solution is to build more housing, and since 2015 the City of Los Angeles has seen over 300 building permit requests for new apartment building construction with a potential for almost 11,000* new residential units.

Requests for buildings with a large… Read More

Tenant migration is helping to chip away at Downtown CBD vacancy

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Downtown vacancy has decreased to 16.6 percent from 19.1 percent since 2013, driven by robust tenant migration, countervailing light demand from existing legal and financial services tenants, which continue to seek efficiency and have been cautious to take on additional space.

Downtown’s expanding residential, retail and entertainment base has helped attract companies from outside the CBD, including creative tenants.

Tenant migration will drive Downtown’s evolution by broadening the tenant base across sectors and… Read More

What’s up with Los Angeles’ retail redevelopment boom?

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Multiple large shopping centers, totaling over 3.6 million square feet of retail are currently getting multi-million dollar makeovers to give updated looks to outdated malls.

COW_Los Angeles_retail_April 18 2016

 

Owners are capitalizing on the evolving behaviors of shoppers (and on LA’s weather) by focusing on the visitors’ experience and… Read More

How does Downtown’s work-live-play evolution impact law firm tenants?

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Downtown LA has long enjoyed a decent concentration of law firms, but interest is growing dramatically—simultaneous with the submarket’s vibrant full-time population boom.

So far in this video series, we’ve learned what’s essential to thriving in DTLA (aka, one of the most interesting office markets in the region), and how the area represents an opportunity to do “more with less.” In the final installment of the series, Jordan Gaffney explains the unique… Read More