Oscars moving to DTLA, Why everything new is in Culver City, and more

Capital Group has struck a deal to purchase the building which houses its Downtown Los Angeles headquarters. 

The company has announced the purchase of Bank of America Plaza at 333 S. Hope Street from Brookfield, where it plans to eventually house more than 2,100 employees in what the company bills as a "vertical campus." 

Capital Group reportedly paid $210 million for the tower.

Here's what we're reading this week:

Oscars Relocating From Hollywood’s Dolby Theatre to Downtown’s L.A. Live in 2029 "A major deal struck by the film Academy and AEG will move the film industry's biggest night from its home since 2002 to the venue that has hosted the Primetime Emmys since 2008." (LA Times)

Maybe not totally fake upzoning "LA has taken the first baby step toward ending single-family zoning in the city. Is it real?" (The Future is LA)

Chatsworth nonprofit inks largest office lease in LA County so far this year "Lease renewal activity increasing as direct deals fall off cliff: Cushman & Wakefield" (TRD)

Why Culver City is the hottest spot for businesses expanding in L.A. "Culver City has transformed from a drive-through town into an unexpected destination for major companies such as Apple, Pop Mart, Ikea and Amazon." (LA Times)

L.A.’s pothole problem is getting worse. The city isn’t equipped to fill them. "Los Angeles is paving fewer streets, leaving more of them exposed to wear and tear, and potholes." (Crosstown)

LA has a plan for where new speeding cameras will go up. Here’s the map "A 2023 state law allows some cities, like Los Angeles, to pilot cameras that detect speeding drivers and help generate citations." (LAist)

5 takeaways from the first mayoral debate of 2026 "Three out of the top five candidates discussed their policy vision on transportation, housing affordability and infrastructure." (LA Public Press)

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