LOS ANGELES—The New York-based developer buys the ground lease for Stay on Main, a 600-room hotel in Downtown Los Angeles, marking its West Coast expansion.
Simon Baron Development 248 Haynes Hotel Associates LLC Matthew Baron hotel© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
May 14, 2025
It comes as the building could have 300,000 square feet of extra vacant space.
May 14, 2025
The market shows early signs of stabilization, but there were increases in delinquency and special servicing rates.
May 14, 2025
Performance has depended on migration and job creation, but state and local policies have also had an impact.
