X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The new El Centro Apartments and Bungalows in Hollywood is targeting a new tenant base in Hollywood. In the last few years, office growth in the Hollywood market has attracted major companies to migrate to the market—like Netflix and Viacom—and the shift has created new demand for high-quality and more sophisticated living options in the market. A joint venture between DLJ Real Estate Capital Partners and Clarett West Development has completed development of the El Centro Apartments & Bungalows targeting this new demographic.

“We focused on trying to create a respite from the hustle and bustle of Hollywood Boulevard,” Andy Rifkin, a managing partner at DJL Real Estate, tells GlobeSt.com. “We’re looking to do something a little more sophisticated with this project, and we brought in a design group called Commune. The combination of very strong landscape plans and a very focused, modern design plan was really what we wanted for El Centro.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.