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Downtown Los Angeles finally has a home sporting team—but it isn’t from the NFL. Los Angeles Football Club, a new MLS soccer team, has come to the city, and unlike the other sporting teams to land in Los Angeles in recent years, it is planting roots in Downtown Los Angeles. In April, the team’s new stadium, the Banc of California stadium, opened its doors, and now, LAFC has signed a headquarters office lease in Downtown Los Angeles. The team is new and building a fan base, but this could be the start of a larger impact on the commercial real estate market in Downtown Los Angeles.

The team signed a 25,000-square-foot lease at 818 W. 7th Street in Downtown Los Angeles. “It was important for LAFC to have a presence in Downtown Los Angeles close to their practice arena and their sports arena for synergy,” Chris Caras, SVP at CBRE, tells GlobeSt.com. “If you are going to have your team in Downtown Los Angeles, you should office downtown. A lot of other sports teams haven’t done that, so this is unique. I think that it is something help legitimize downtown as a home base for this team.” Caras represented the landlord in the office lease deal, along with Phillip Sample, Brad Chelf, Brandon Bank and Taylor Watson.

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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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