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From left, Michael Rosenfeld and Century Plaza, Jose Huizar and City Hall, Jeff Bezos and 1801 Angelo Drive (Getty Images)
“It was the best of times, it was the worst of times. It was the season of darkness, it was the spring of hope, it was the winter of despair.”
Charles Dickens sure nailed the state of the Los Angeles real estate market in 2020.
While the office market stared into the abyss and retail continued to get pummeled, the top of the residential market went into overdrive. Spec developers who flew too close to the sun got burned, while others who hoped to score political brownie points got ensnared in a major City Hall scandal.