Downtown Needs 125,000 Apartment Units

With 10,000 units under construction and several more thousand in the pipeline, Downtown Los Angeles still needs more housing to meet demand, Trammell Crow Co.’s Jim Anderson tells GlobeSt.com EXCLUSIVELY.

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West Los Angeles Owns Tech

LOS ANGELES—While Hollywood has signed some major tech leases recently, 86% of tech companies are in West Los Angeles, with Playa Vista as the emerging hub.

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Downtown Needs 125,000 Apartment Units

LOS ANGELES—Anyone over the age of 10 in Los Angeles is aware of the considerable multifamily development underway in the downtown market. There are currently 10,000 units, 2,000 of which are condo units, under construction and thousands more in the pipeline, but Jim Anderson, SVP at Trammell Crow Co., tells GlobeSt.com that those numbers are no where near enough to meet demand, noting that Mayor Eric Garcetti recently called for 125,000 new apartment units in…

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Macerich JVs with GIC, Heitman on 8 Malls

SANTA MONICA, CA—The shopping center owner expects to realize $2.3 billion in cash proceeds from the joint ventures, which will close in phases starting later this month.

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Trophy Retail Center Brings $147M

CHINO HILLS, CA—The Shoppes at Chino Hills is 96% leased to top national retailers.

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Health IT Firm Expands; Promises to Hire 1,000

WESTBOROUGH, MA—Health care IT company eClinicalWorks is expanding its operations here and is investing more than $50 million in the purchase and upgrade of the vacant 900 West Park Drive office building.

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The Building You Never Thought Could Be LEED

LOS ANGELES—The $110 million life science building at Loyola Marymount features a stunning glass façade and all-glass lab rooms and is poised to earn LEED certification.

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