Downtown LA: rising

It’s been decades coming, but a flourishing Downtown LA renaissance is bringing thousands of new residents and billions of dollars of development and renovation to LA’s long-overlooked urban core. The major transformation is reinventing the downtown area. Its ideal location, accessible by bus, rail and car, has flocks of freeway-weary Angelenos reaching for the promise of living within walking distance of both their work and world-class culture.

Thanks in part to an Adaptive Reuse Ordinance aimed at helping reduce vacant space, preserve Downtown’s architectural and cultural past, and encourage the growth of a residential area, DTLA’s elegant Art Deco and Beaux-Arts office buildings are being converted into funky lofts, condos and boutique hotels. Gleaming new apartment towers are attracting thousands more residents. Both new developments and renovations are being envisioned with an eye to open space.

Cultural attractions in the urban core’s fourteen sectors range from the Arts District, a collection of gritty warehouses and processing plants that’s now a vibrant and unique creative enclave, to Bunker Hill with its world-class Disney Concert Hall, Center Theater Group and about-to-open Broad Museum. The business profile is also changing. Downtown LA is already the conduit to the world's financial markets and the location of choice for national and regional corporate headquarters and major law firms. Now it’s become the destination for a creative class, including communications firms and digital consultancies. And with its South Park Staples Center/LA Live district developed and other cultural centers emerging, DTLA is drawing visitors from across the region and the world, creating a growing tourism business.

“The newly vibrant Downtown LA is just one of the many reasons Los Angeles real estate is a great choice for investors here and abroad,” says John Aaroe. “Our new office there is just one of the many ways we’re positioning ourselves to effectively serve buyers and sellers. This opening will be followed by two more in other key Greater LA markets before year’s end.”

Properties »

Embraced by a stunning mountain panorama, this 1953 post and beam home embodies the California Modern living at its very best.Set on nearly three-quarters of an acre, the home centers around a massive open living area with soaring beamed ceiling. A sweeping wall of glass admits light and utterly...

Posted 3 days ago
Properties »

High architectural drama meets intimate ambience in this just-finished home in the sought-after Riviera section of Pacific Palisades. From the outside, floating roofs soar over striking walls of stone, glass and Perla Blanca shell stone. On the main level, floor-to-ceiling glass doors erase the...

Posted 7 days ago
Agents »

Pacific Union is pleased to share the news that nearly 140 of the brokerage's individual real estate professionals and teams have been honored as among the best in the Golden State.REAL Trends named 98 individual Pacific Union real estate professionals and 39 teams to its fifth annual rankings of...

Posted 12 days ago