DTLA Investment Will Grow for the Next Decade

LOS ANGELES—Downtown Los Angeles can expect investment growth for the next decade, according to Jeffrey Kanne, president and CEO of National Realty Advisors. National Real Estate Advisors is the Ratkovich Co.‘s joint venture partner on the Bloc development. National Real Estate Advisors, however, began investing in the market in 2004 and 2005, and it believes that it has the fundamentals to continue to thrive.  

“I think there is going to be a lot of investment downtown for the next 10 to 15 years,” Kanne tells GlobeSt.com. “We invest in 25 different cities. L.A. had always been a mystery to us because of the tepid nature of downtown until very recently. We first started investing in downtown in 2004 and 2005 when we financed a few condominium projects in South Park, which was very successful. Then the housing bust came. We continued to look for opportunities because we believed that Los Angeles needed a heart. We decided to put as much money as we have into this project and into Downtown because the drivers were starting to appear.”