JLL announced this week that law firm Umhofer, Mitchell & King LLP has signed a 4,500-square-foot lease for office space at Row DTLA, Atlas Capital Group's 1.4-million-square-foot office and retail complex at 7th and Alameda Streets in Downtown Los Angeles.
ROW DTLA. Image via Atlas Capital Group.
The law firm follows more than 300,000 square feet of new leases at the property since January 2022, joining companies such as HOK, , Joybird, Lendistry, and Virgin Hyperloop.
Rendering of a station on the California High-Speed Rail systemKilograph
The California High-Speed Rail has chosen a joint venture of Foster + Partners and Arup to design the Merced, Fresno, Kings/Tulare, and Bakersfield stations along the project's initial 171-mile segment. The new stops are intended to serve as models for additional stations along the future 500-mile route between Southern California and the Bay Area.
Here's what we're reading this week:
Only 17% Of LA Households Earn Enough To Buy A Home "Home prices in the L.A. area have declined slightly over the past year, but interest rates have gone up, causing monthly mortgage, tax and insurance payments to soar to around $4,820, according to the report. Because of this increase, the share of L.A. County households that could afford to buy a home declined from about one-in-five in 2021 to one-in-six in 2022." (LAist)
Rendered view of 3017-3045 S Crenshaw Boulevard looking southwestAC Martin
Church Sells Property to CIM Group "The transaction is the latest in a long-running partnership spanning decades between Mid-Wilshire-based CIM Group and seller West Angeles Church of God in Christ." (LA Business Journal)
This hidden flaw in California homes can cause major earthquake destruction "The risk is similar to that of apartment buildings where carports or garages on the ground floor are held up by weak columns. A number of cities, including Los Angeles and San Francisco, require soft-story apartments to be retrofitted." (LA Times)
The Story Behind LA's Beautiful, Ephemeral Jacaranda Blooms "Jacaranda season may be brief, but for a short burst of time all of Los Angeles seems to be in purple-blue bloom." (LAist)
View looking westDBOX
Reuben brothers finally foreclose on Century Plaza "U.K. investors now own 240-key hotel, portion of condo tower" (The Real Deal LA)
Arizona State Takes Over Downtown Los Angeles Fashion School "The Fashion Institute of Design & Merchandising To Become ASU FIDM" (CoStar)
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