News & Updates

Councilwoman seeks exemption to speed city approval of NFL stadium

The Daily News of Los Angeles | Dakota Smith

9/7/12

Los Angeles Councilwoman Jan Perry is seeking to speed the City Hall approval process for Anschutz Entertainment Group's proposed downtown football stadium

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Hotel room at a premium: another project eyed near L.A. Live

Los Angeles Business Journal | Jacquelyn Ryan

8/27/12

A small corner lot across from L.A. Live is close to being sold for its listed $25 million price to investors who want to build yet another hotel in the neighborhood, sources said.

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Downtown Hotel Gets a $20 Million Upgrade

LA Downtown News | Richard Guzman

8/21/12

DOWNTOWN LOS ANGELES - The hotel at Third and Figueroa streets has been a lot of things over the decades. Most notably it was a Marriott, long before Downtown got a sparkling new J.W. Marriott as part of the Convention Center hotel


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E3 to Stay in L.A., But ESA Mum On Specifics That Kept Show There

CONSUMER ELECTRONICS DAILY | Jeff Berman

7/31/12

The Electronic Entertainment Expo (E3) will return to Los Angeles for the next three years, with next year's show scheduled for June 11-13, the Entertainment Software Association said Monday. But ESA was mum on specifics about the deal reached with the city of Los Angeles that helped bring the annual videogame industry show back to the Los Angeles Convention Center (LACC) instead of moving to another venue in another city, as President Mike Gallagher warned last month was possible.

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Marriott developer seeks tax subsidy; Partners want L.A. to let them keep half of a wide array of revenue

Los Angeles Times | David Zahniser

6/12/12

Despite claims by business leaders that downtown's hotel market is coming back strong, the developer of a proposed 23-story Marriott tower next to L.A. Live is in line to get up to $67.3 million out of City Hall over the next 25 years.


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E3 May Not Return To L.A. in 2013, ESA President Says

CONSUMER ELECTRONICS DAILY | Jeff Berman

6/5/12

LOS ANGELES -- The Entertainment Software Association's agreement to hold E3 at the Los Angeles Convention Center is up after this week's show, President Mike Gallagher told Consumer Electronics Daily.


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The Development Scene: The Latest Info on 88 Downtown Projects

Los Angeles Downtown News | Richard Guzman, Jon Regardie and Ryan Vaillancourt

05/23/13

DOWNTOWN LOS ANGELES - Once again, the money is pouring into Downtown Los Angeles. As it does, the face of the community continues to change.

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Business, Civic Leaders Trumpet A Revitalized Downtown

USC Price School | Robin Heffler

05/13/13

Los Angeles has yet to match the economic and cultural life of downtowns in cities like Chicago or San Francisco, but it has made great strides over the last two decades, and plans are under way to help accelerate that development.

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Photos: Amazing Mosaic Mural Discovered Inside Downtown’s Wilshire Grand Hotel

89.3 KPCC | Kevin Ferguson

04/12/13

Last October, crews began tearing down the Wilshire Grand Hotel in downtown Los Angeles so they can build a 71 story hotel, retail and office space. During the process, an exciting discovery was made. Off-Ramp producer Kevin Ferguson has the story.

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Korean Air hotel in downtown L.A. to have lobby on 70th floor; Plans for the top floor of the building also include a restaurant and infinity pool

Los Angeles Times | Roger Vincent

5/21/12

With work set to begin soon on a $1-billion luxury hotel in downtown Los Angeles, developer Korean Air revealed some details about the tower that is expected to dramatically alter the city's skyline.

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Growing Retail Amenities Boost to Los Angeles' Downtown Office Market.

National Real Estate Investor | Patricia Kirk

5/21/12

“Downtown has an edgy feel to it these days,” says Michael Zietsman, managing director of Jones Lang LaSalle’s (JLL) capital markets group for the Southwest, and “the action” has moved there from Hollywood.

Hotels: ranked by number of guest rooms in L.A. County; THE LIST

Los Angeles Business Journal | David Nusbaum

5/7/12

THE 100 largest hotels in Los Angeles County have about 38,000 rooms of the estimated 98,000 rooms in the entire county.

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Even the kitchen sinks must go; The Wilshire Grand Hotel, scheduled for demolition, is holding a liquidation sale.

Los Angeles Times | Hugo Martin

4/26/12

In preparation for the start of demolition this summer of the now-closed 936-room Wilshire Grand Hotel in downtown Los Angeles, the hotel will reopen its doors Thursday for the start of a massive sale of its furniture, plates, towels and television sets, among thousands of items in the building.

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Wilshire Grand in downtown LA holds liquidation sale

KABC | Darsha Philips

4/26/12

DOWNTOWN LOS ANGELES (KABC) -- A massive liquidation sale is under way at the iconic Wilshire Grand Hotel in downtown Los Angeles. The hotel is set to be demolished this summer, so everything must go, from furniture to kitchen sinks to pianos.

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Maguire, AEG think big downtown: office tower would be area's first in 20 years; REAL ESTATE

Los Angeles Business Journal | Jacquelyn Ryan

4/23/12

Veteran developer Robert Maguire is teaming up with L.A. Live developer AEG to look into building what would be downtown L.A.'s first new office high-rise since the 1990s.

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