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Metropolis Tower II condo units have officially hit the market. The second tower, which has a high-end amenity deck and a full suite of onsite services, is expected to sell quickly—and it is no surprise. Not only has the Metropolis project has been successful, but there has been tremendous demand for condo product in Downtown Los Angeles in general. According to Mike Leipart, managing partner at the Agency Development Group who is leading the marketing efforts at Metropolis, the popularity of the residential spaces, both for-rent and for-sale, are an effect of the explosion of activity in Downtown Los Angeles. He says that people want to live Downtown, whether they are buyers, renters or both. We sat down with Leipart to talk about the condo sales activity in Downtown Los Angeles and why demand is growing.

GlobeSt.com: You sold the Ritz Carlton condos in 2011 and 2012. How has the condo market evolved since then?

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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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