BUSINESS
March 7, 2013 | By Roger Vincent, Los Angeles Times
As demand for downtown Los Angeles hotel rooms grows, plans have emerged for yet another high-rise inn near Staples Center. The announcement comes as hoteliers are scrambling to cash in on downtown's revival as a tourist destination and convention hub. Three large hotel projects are already underway and developers are prospecting for other potential sites in the neighborhood. Next on the horizon is the Renaissance Hotel, which will be more than 20 stories tall with 450 rooms and is slated to open in 2016 across the street from the L.A. Live entertainment complex.
BUSINESS
February 4, 2013 | By Roger Vincent, Los Angeles Times
A Canadian developer has started work on a $100-million luxury apartment building in downtown Los Angeles, the first of three high-rise residential complexes it plans to build in the booming neighborhood. Onni Group of Vancouver is erecting a 32-story tower on a former parking lot at the northeast corner of Olive and 9th streets. The site is next door to a well-known 12-story office building that opened in 1926 as the headquarters of Pacific National Bank. Onni's building, to be known as 888 Olive, will have 283 units - each with a private balcony - over street-level shops and restaurants.
BUSINESS
January 13, 2013 | By Roger Vincent
A long-vacant 1920s office building in a recovering neighborhood of downtown Los Angeles has hit the market for almost $14 million as the city's historic core attracts new residents and investors. The 13-story Commercial Exchange Building - which was once cut in half vertically and shrunk in size - has been mostly empty for at least two decades, real estate broker Phillip Sample of CBRE Group Inc. said. In recent weeks, however, more than 100 potential buyers have toured the property at 416 W. 8th St. “We've got a lot of boutique hotels looking at this,” he said.
BUSINESS
January 10, 2013 | By Roger Vincent, Los Angeles Times
The Broad art museum being built next to the Walt Disney Concert Hall in downtown Los Angeles will soon be flanked by another noteworthy structure: a $120-million apartment tower linked to the museum by a shared plaza. A groundbreaking ceremony will be held Thursday for the 19-story apartment complex that is part of the vaunted Grand Avenue Project launched more than a decade ago to transform barren blocks on Bunker Hill. Developer Related Cos., which recently completed the $56-million Grand Park between the Music Center and City Hall, is building the 271-unit apartment tower south of the Broad museum on Grand Avenue between 2nd and 3rd streets.
NATIONAL
November 23, 2012 | By Richard Simon, Los Angeles Times
Moeller doesn't expect the height limits to be repealed "because people around the world would protest, just as they would if someone came up and said, 'I want to build a skyscraper along the Champs-Elysees.'" WASHINGTON - It blocked views. It shut out sunlight. The "great size" of the 12-story Cairo apartment building so angered the people of Washington, D.C., back in the 1890s that Congress eventually enacted a law that dramatically shaped the landscape of the nation's capital.
CALIFORNIA | LOCAL
November 9, 2012 | By Garrett Therolf, Los Angeles Times
Leaders of Los Angeles County's embattled child welfare system believe they have solved one of their most intractable problems - finding a place for some of the most troubled foster children to lay down their heads at night. For more than a decade, thousands of children - - unruly teenagers, premature infants and others - have spent uneasy nights in a high-rise building's waiting room, cramped together without sufficient beds or food while social workers struggle to find them a place in foster care.