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Common Takes Off in LA, Triples Management Pipeline
As it plans to manage $300MM of real estate in LA by the end of 2021, Common bets big on the resurgence of cities
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LOS ANGELES, May 7, 2021 /PRNewswire/
Common, the nation s leading residential brand that designs, leases, and manages multifamily properties that appeal to today s renters, today revealed that Los Angeles will become its biggest market in the US. Between now and the end of 2021, the company will open 1,125 units throughout Los Angeles starting with 5800 Harold by Common in Hollywood, Common Beverly in Hancock Park and Common Paramount in Hollywood. In addition to its 2021 pipeline, Common has 1,800 units under development in the Los Angeles area set to open through 2024. Having delivered a strong leasing and operating track record at its existing LA portfolio despite COVID-19, Common s expansion marks their continued growth and commitment to both elevating apartment living a
FORMER STUDIO of Corita Kent from 1962 to 1968 has been a dry cleaning establishment for the past 30 years.
Last month, the City of Los Angeles Cultural Heritage Commission recommended that the City Council designate the former print studio of Sister Mary Corita Kent, the “Pop Art Nun,” as an Historic-Cultural Monument thus ending the year with a ray of hope. With all the challenges that our fair city has endured in the past year, be it the pandemic, economic collapse and social unrest, the declaration of such a humble landmark, altered, aged and standing in the way of development, showed that Los Angeles had not relinquished its duty to preserve and protect its heritage even as it continues to re-examine and broaden what that heritage is.