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The Arts District’s Office Revolution

LOS ANGELES—Office developer Olive Hill Group is targeting opportunities in the Arts District, which it says is on the verge of a renaissance.

Tim Lee Tim Lee is the VP of corporate development and legal affairs at Olive Hill Group.

LOS ANGELES—There is an office revolution coming to the Arts District. While multifamily developers have been finding success there for the last few years, office developers, like Olive Hill Group, are just now starting to enter the market. Olive Hill Group is in negotiations on several warehouse spaces, and says that it is bullish on the market for 2017. In addition to development opportunities, Warner Music recently signed a lease that is expected to serve as a catalyst for even more growth. We sat down with Tim Lee, VP of Corporate Development and Legal Affairs at Olive Hill Group, to talk about the growth in the market and why it is on their radar.

GlobeSt.com: We have seen a lot of multifamily development in the Arts District, but it seems that the office market is just taking off. Why are you attracted to the Arts District?

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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