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With several projects hitting the market, 2017 and 2018 were considered “prove it” years for Downtown Los Angeles, and the market is taking the new supply in stride.
Heightened interest in urban areas is attracting significant development that can help turn around areas that had fallen on hard times, according to Anthony Cassano of NAI James E. Hanson.
In this <b>EXCLUSIVE</b>, Dashevsky says because of the Bay Area's development hurdles, national players don't have the footprint as in markets such as New York or Chicago, providing niche development opportunities.
The transaction involves not only the building but the entire 72.5-acre site that includes a 12.3-acre container storage area, as well as a future development site covering 24.2-acres.