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LOS ANGELES, CA-Buyers planning condominium conversions or condoconstruction from the ground up have accounted for three-quartersof the dollar volume of deals closed by one of L.A.'s busiestmultifamily brokerage teams in the past six months. LaurieLustig-Bower of Team Lustig-Bower tells GlobeSt.com that condodevelopers who have acquired apartment buildings and otherproperties either for conversion or for ground-up construction haveaccounted for more than $152.2 million of the team's $201 millionin deals during that time.

Of that $152.2 million, Lustig-Bower tells GlobeSt.com, $100million was for condos that will be built from the ground up andthe rest was for conversions of apartments into condos. An exampleof the ground-up construction is a parcel at the House of Bluessite in Hollywood that sold for $27.2 million, where the developerwill build condos and underground parking on what is now a surfaceparking lot.