DCBID in the News

The buzz about Downtown LA grows exponentially each year, with stories running in local, regional, and national press. DCBID initiatives earn coverage from a number of media outlets including The Wall Street Journal, Los Angeles Times, KPCC, Los Angeles Downtown News, and Los Angeles Business Journal. 

Rising Above the Tangled Traffic of Los Angeles in a Luxury Condo

Washington Post | 10.18.2018

One of the first things Anthony Nguyen sees when he wakes up, and one of the last things he sees at night, is the harsh reality he tried 10 years to escape: L.A.’s knotted freeways. Nine months ago, he was one of those drivers, creeping along the 110 Freeway. His law office was in Santa Monica. Courthouse downtown. The 15-mile drive between them sometimes took more than an hour.

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Longtime DTLA Advocate Carol Schatz Retiring; New DCBID Chief Named

LA Business Journal | 9.12.2018

Carol Schatz, who led a renaissance of downtown Los Angeles as head of the Downtown Center Business Improvement District and Central City Association for nearly three decades, will retire this month, the district announced Sept. 12. The chief executive of the property owners association and former head of the city business advocacy group had become synonymous with downtown renewal.

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Looking Back at Metro Charter

LA Downtown News | 9.10.2018

Metro Charter received a lot of help along the way. When a group of founding parents were planning the school, we got support from Sara Hernandez in Councilman José Huizar’s office, Carol Schatz and Hal Bastian from the Central City Association/Downtown Center Business Improvement District, and many other community and business leaders.

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Why Multifamily and Retail Are Carrying DTLA

Globe St | 9.5.2018

Multifamily and retail are carrying the renaissance in Downtown Los Angeles—and they are driving growth in other market sectors as a result. According to the latest quarterly report from the DCBID, multifamily occupancy grew 9.4%, up to 94% with rents up 4.1% to $3.06 per square foot and retail vacancy rates fell more than 14%, down to 4.1%.

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DTLA Office Market Continues to Climb

Connect Media | 8.22.2018

Downtown Los Angeles’ commercial office leasing activity, average rent, and net absorption are all climbing steadily. The Downtown Center Business Improvement District’s (DCBID) “2018 Q2 Downtown LA Market Report” notes the office market is finally catching up to the dynamic growth experienced in the residential market, as well as on the cultural, culinary, and entertainment scenes.

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DCBID Pushes for Office Diversification

GlobeSt.com | 6.18.2018

The Downtown Los Angeles market is maturing, but it still has room to grow. In its next phase, the Downtown Central Business Improvement District, which has been integral in the market’s expansion, is focusing on the office and retail sectors to support more growth. 

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A Decade of L.A. Live

LA Downtown News | 6.18.2018

In the mid-1990s, South Park was mostly a dead zone, particularly after dark. That changed somewhat in 1999, when Staples Center opened, but aside from game and concert nights, or during big events at the Convention Center, there was still little activity in the community.

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Angels Landing Partners Makes it Official

CoStar | 6.14.2018

Angels Landing Partners LLC, a conglomeration of three minority-owned firms, formally filed plans to develop a $1.2 billion project at the Angels Landing site in downtown Los Angeles that would include the tallest residential tower west of the Mississippi River. 

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