Press Room

In the News

Los Angeles Downtown News: As Rents Soar, Brockman Aims for Luxury Market

By Ryan Vaillancourt. Originally, the Brockman Building, an eye-catching, historic Seventh Street edifice, was a $16 million project slated to open as condominiums in 2005...instead of opening, the project fell into bankruptcy.

April 25, 2012

...The bidding came as multi-family housing has emerged as a desirable asset type for institutional investors....

If multifamily housing is a trend, the Downtown market is especially favorable right now for landlords. This month, the USC Lusk Center for Real Estate reported in its 2012 Multifamily Market Forecast that Downtown apartment buildings are 96.8% occupied...

For the full article, see the link below:

Link: Los Angeles Downtown News