Since 2018, the Downtown Los Angeles submarket has delivered 5,000 of the nearly 10,000 total units built in the market.

Rockefeller Group, a national owner and developer of real estate, has topped out its first luxury residential tower called the Rose Hill located at 30 E29th Street in the NoMad submarket.

A joint venture between AEW Capital Management and North Sea Capital Advisors sells the 200,000-square-foot property.

The transaction serves as the firm's largest real estate portfolio acquisition to date.