/PRNewswire/ Technavio categorizes the global commercial real estate market as a part of the global construction and engineering market, the parent market..
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A key committee of the Los Angeles City Council on Thursday backed a developer’s proposal for two high-rise residential towers on a block near City Hall that was formerly known as Times Mirror Square.
The city’s Planning and Land Use Management Committee voted 3-0 to recommend certification of the project’s environmental report and the denial of an appeal sought by a nonprofit organization whose members are also in a union group.
The committee’s approval sends the project to the City Council for a vote.
Developer Onni Group bought the former Los Angeles Times properties located between Spring Street and Broadway, and 1st and 2nd streets, in 2016. The Times moved its operations to El Segundo after Dr. Patrick Soon-Shiong acquired the paper in 2018.