The Wall Street Journal featured JLL LA‘s Ben Stapleton in their article ‘L.A. Turns to Face Its River‘
Ben Stapleton, Vice President, was featured sharing his thoughts on the development potential for land adjacent to the $1 billion 11-mile Los Angeles River revitalization. $5.7 billion in development investment opportunities could potentially be generated by this transformative project:
“You have a lot of industrial users who have been there a long time, and they’re getting approached to sell their land at higher prices,” says commercial real-estate broker JLL’s Ben Stapleton. “It’s created a little bit of a bubble. and it’s hard for them to avoid the price increases.”
To read the complete article, click here: L.A. Turns to Face Its River
Click here to read Ben’s white paper offering in depth research and insight into the history and potential of the LA River: Reinventing the LA River
By enhancing the landscape and design at key points along the river, the City of Los Angeles is paving the way for the LA River Corridor. Redeveloping the LA River is about unlocking neighborhood wealth in one of LA’s last under utilized corridors.
The plan to restore the LA River is forecasted to generate 10,500 new jobs and between $2.9 and $5.7 billion in development investment. Real estate investors have the opportunity to capitalize on an up and coming market segment. A future hub of the creative economy, properties along the LA River are ripe for office, multifamily, and retail development.