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The Grand, Eighth & Figueroa, and 945 W. 8th (Related, Johnson Fain, L.A. Department of City Planning, Getty)
Like central business districts around the world last year, Downtown Los Angeles got hammered by the pandemic, its streets emptied, offices and stores cleared out.
In its year-end market report, the Downtown Center Business Improvement District tallied those grim numbers, which showed DTLA real estate activity slowed across the board. Major projects, however, did push ahead.
Occupancy rates declined in all types of real estate, with hotels the hardest hit given lack of long-term leases. Residential rents fell, with average effective rent per unit dropping from $2,737 at the end of 2019 to $2,402 by December 2020. Hotel room rates also tumbled, from $216 a day to $138, while office and retail rents only showed modest declines.
IAN HERBERT: The revelation that A.I. CAN unmask social media trolls shames the big tech giants, and now there s nowhere to hide. if they do not use this technology to unmask the racist hate mob then they are as good as condoning it
Palm Beach Daily News
Three book presentations will be coming to The Society of the Four Arts in the next several weeks, including a conversation with cosmetics legend Leonard Lauder.
First up on Monday is a virtual presentation with Canadian Paralympics champion Rick Hansen, who will discuss his book
Removing Barriers, Unleashing Potential. Hansen is best-known for his 26-month, 24,850-mile journey around the world in his wheelchair.
His presentation is set for 2:30 p.m. in the Gubelmann Auditorium. Tickets are $20; Four Arts members get in free.
On Feb. 3, author Nicholas Griffin will be on hand in person at the Gubelmann Auditorium to discuss his book,
Nicholas Griffin
A Fort Dodge man was arrested on several charges Thursday evening after a high speed chase that started on U.S. Highway 20 and ended with a crash into a utility pole next to the Maggio Building on Fifth Avenue South.
An Iowa State Patrol trooper pulled over Nicholas Griffin, 37, after clocking him driving 98 mph in a 65 mph zone on the highway near the Hamilton County line at about 5:53 p.m. After the trooper told Griffin he smelled a marijuana odor from the car and asked him to step out, criminal complaints said he instead shifted the SUV back into gear and sped off.