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Evacuation concern outweighs offer to donate 60% of site to Deer Canyon Park Preserve.
Year-to-date sales dip below $1B, average deal ticks up to $345 per square feet.
City sold East Village lot for mixed-use project without new environmental review.
Designation comes a year after the state said city had slowest approval process in state.
The platform will occupy 250K square feet in Showplace Square until 2037.
Partners will renovate 697 market-rate garden apartments for conversion.
Two firms will envision future of 650-acre site near Port of Los Angeles.
Peninsula vacancy rate hits 34%, largest ground-up delivery arrives vacant.
As occupancy tops 96%, multifamily investment sales dropped 90% in third quarter.
If no third-party bid emerges, lenders could take over former URW, Brookfield asset.