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Developer Leo Lee has gotten verbal approval to build his long planned mixed-use project in Koreatown that will include 122 condo units and a 192-room hotel.
In response to the increase in short-term rental activity, thanks to the popularity of sites like Airbnb, the city has developed a short-term rental ordinance to register hosts and collect taxes.
Transit-oriented development construction is only increasing, and with transit expansion, these developments will become the urban centers of Southern California.