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Red Wings Owner, Needing Hockey-Arena Neighborhood, Builds One
August 6, 2014 • Chris Christoff, Bloomberg
"Billionaire Mike Ilitch and his family plan to create an instantaneous neighborhood around Detroit''s new hockey arena and jump-start an economic recovery where other sports ventures fell short." View the original article

Downtown L.A. real estate back in fashion
July 23, 2014 • Don Jergler, Los Angeles Register
"Downtown Los Angeles seems to be returning to its circa-1930s reputation as a bustling shopping area where one can go to find the latest fashions." View the original article

Downtown Los Angeles Makes A Dramatic Comeback
July 2014 • Mark Thompson, Global Traveller
"If Jane Jacobs'' definition of urban success — diversity, density and dynamism — holds true, then downtown Los Angeles is well on its way to becoming a West Coast SoHo. There''s housing stock with provenance and an abundance of historic commercial space, as well as an educated, high-income demographic. “It''s very creative, cutting-edge — and it''s just exploding,” says Adele Yellin of The Yellin Co., which operates the downtown''s historic Grand Central Market." View the original article

AEG To Consolidate Offices In Historic Downtown LA Building
July 8, 2014 • CBS Los Angeles
"City officials and Southland business leaders Tuesday joined AEG executives to announce the company''s expansion and new investments in Los Angeles." View the original article

L.A. considering financial assistance for hotel projects
June 23, 2014 • By David Zahniser, Los Angeles Times
"The Los Angeles City Council is looking at providing nearly $180 million in subsidies to two major downtown hotel projects, while also setting the stage for other hotel deals across the city... In addition to those two deals, the committee will vet a new policy to let hotel builders in other parts of the city keep a major share of the tax revenue generated by their projects, as long as they meet certain criteria. Those taxes normally flow to the city's budget, helping to pay for police, fire and other services."
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Downtown L.A. carwash owner cleans up in sale estimated at $25 million
May 8, 2014 • By Roger Vincent, Andrew Khouri, Los Angeles Times
"Purchased for $525,000 in 1980, the Downtown Car Wash across the street from L.A. Live was bought by a local developer who plans to build a high-rise hotel-and-residential complex at the busy crossroads of Olympic Boulevard and Figueroa Street." View the original article

DTLA-ers Boast About Downtown Boom
By Michael Ventre, Los Angeles Confidential
"As Downtown explodes into Boomtown, three DTLA-ers of note give the 213 on LA's most dynamic 'new' hood." View the original article

With Trade Center Sale, Broadway Hopes to Trade Up
April 22, 2014 • By Donna Evans, ladowntownnews.com
"Downtown Los Angeles stakeholders were abuzz last week over the announcement of the sale of the Broadway Trade Center, a 1.1 million-square-foot behemoth in the heart of a rebounding area. However, the buzz has not subsided, and will likely only grow: Everyone wants to know what will become of, and what businesses will fill, the former Hamburger Department Store." View the original article

Garcetti shares 'back to basics' agenda in State of the City address
April 10, 2014 • By David Zahniser, Emily Alpert Reyes and Soumya Karlamangla, Los Angeles Times
"Los Angeles Mayor Eric Garcetti presented a long and eclectic list of initiatives in his first State of the City address Thursday, promising to reinvigorate the city's major boulevards, cut taxes for businesses, put building records online and keep a lid on rates at the Department of Water and Power." View the original article

Downtown L.A. Goes From Gritty to Glitzy
April 10, 2014 • By Lauren Schuker, Wall Street Journal
"Once a cultural wasteland, downtown Los Angeles is undergoing a revitalization that includes million-dollar condos, boutique shopping and stylish dining. But Skid Row stays put." View the original article

City's Proposed Minimum Wage Increase: Helpful Or Costly For Protected Workers?
March 2, 2014 • By Parimal Rohit, westsidetoday.com
"Depending upon who you ask, if Los Angeles passes its proposed minimum wage mandate, a handful of employees at the two major hotels here in Century City may either have more money to pump into the economy or standing in the unemployment line looking for new work." View the original article


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