The apartment deliveries were up 35% in Downtown Los Angeles last year, setting a new record.

The goal with the design studio is a retail-like experience from the model complex and new home gallery setting to the design studio, a trend which is changing the way people shop for homes.

The alternative lodging operator is partnering with The Howard Hughes Corporation to open its latest location in the city's new Merriweather District.

"Law firms want to have Miami on their business cards."