Business News

The mission of the DCBID’s Economic Development team is to improve and revitalize Downtown Los Angeles and bring investment and new businesses to the area. Browse the latest Business News for information on leasing, retail, and other business topics in DTLA.

Dover Street Market Adds Downtown LA to its Coveted Global Roster

DTLA Rising | 11.04.2018

At 15,000 square feet, the world’s newest Dover Street Market is a massive reclaimed warehouse painted in stark white situated adjacent to the forthcoming Sixth Street Bridge. Inside, a maze of artistic and visually stunning displays help cordon off distinct sections, each containing highly sought-after brands like Gucci, Palace Skateboards, and Comme des Garcons.

Read Full Article

A Look Inside Jordan Brand’s New Los Angeles-Based Shop

Hypebeast | 10.19.2018

Jordan Brand, in cooperation with Footaction, has opened a conceptual retail shop, which not only casts a spotlight on brand new drops but also pays homage to past releases. Within the monumental 25,000 square-foot space lies an area dedicated to the full Air Jordan sneaker legacy, fronting every AJ sneaker ever to hit the scene.

Read Full Article

Theory, Nordstrom Local Both Open Today in Downtown LA

DTLA Rising | 10.12.2018

Today was an exciting day for retail development in Downtown LA as two high-end brands opened concurrently in two separate downtown districts, adding to a growing list of luxury retailers opening in LA’s rapidly expanding urban center. Theory and Nordstrom Local are now officially open in the Historic Core and and Financial District, respectively.

Read Full Article

Shopify Opens Its First Brick-and-Mortar Space in Los Angeles

Tech Crunch | 10.11.2018

Shopify, the provider of payment and logistics management software and services for retailers, has opened its first physical storefront in Los Angeles. The first brick-and-mortar location for the Toronto-based company is nestled in a warren of downtown Los Angeles boutique shops in a complex known as the Row DTLA.

Read Full Article

Two New Bars Just Opened at Union Station

LA Times | 10.5.2018

The Harvey House building next to Union Station reopened to the public this week for the first time since 1967, when the Harvey House restaurant chain (that used to be a mainstay of regional rail stations) closed its doors. The space reopened as the home of Imperial Western Beer Company, a restaurant and bar big enough for more than 400 people, with its own brewery attached.

Read Full Article

Fancy South Korean Grocer PK Market to Open First U.S. Store in Downtown L.A.

LA Times | 9.28.2018

At popular new supermarkets in Seoul, customers can do more than order a prime cut of meat, trimmed to their wishes. They can sit down at a small eatery in the meat department and order a grilled meal, or dine on tempura and sushi where fresh seafood is sold. 

Read Full Article

West Elm Opens New Downtown LA Store on Broadway

DTLA Rising | 9.20.2018

West Elm opens today on September 20 along Broadway near the corner of 9th Street where many high-end stores have coalesced over the past few years including Acne Studios, Aesop, and now the arrival of the highly anticipated Apple Store at the Tower Theater.

Read Full Article

Arizona State to Expand into Downtown L.A. at Historic Herald Examiner Building

LA Times | 8.21.2018

Students from Arizona State University’s journalism school will soon be typing away in the Herald Examiner building in downtown Los Angeles, the long-vacant home of one of the great newspapers founded by legendary media mogul William Randolph Hearst. 

Read Full Article

Online Coupon Firm Honey Taking Over Historic Coca-Cola Plant in Arts District

LA Times | 8.1.2018

In one of Los Angeles’ largest headquarters moves this year, the company behind online coupon tool Honey has leased a newly refurbished building in the Arts District that was built by Coca-Cola more than a century ago. The fast-growing firm, which goes by the same name, has agreed to occupy all 130,000 square feet in the former syrup-making plant as it expands from its current offices.

Read Full Article

Apple Opening a Store in Downtown’s Old Tower Theatre

Curbed LA | 7.18.2018

For years now, rumors of an Apple retail store in Downtown LA have swirled, but a store has failed to materialize. We can now confirm the rumors are true. Plans filed with the city’s department of building and safety show that renovations are planned for a portion of the Tower Theatre on Broadway, and they are explicitly planned for Apple.

Read Full Article

Spotify Will Open Regional Headquarters in the Arts District

Curbed LA | 7.9.2018

Representatives of the recently opened At Mateo office and retail complex announced Monday that the Swedish tech company had signed on to lease approximately 110,000 square feet of office space at the site. The arrival of Spotify marks another big step in the Arts District’s transformation from a trendy area popular with artists and gallery owners to a major corporate hub and a live-work destination for highly paid creative types.

Read Full Article

Chicago’s Famed Girl & the Goat Will Open in LA’s Arts District Next Year

Eater LA | 6.15.2018

Girl & the Goat is one of the most popular and influential restaurants to come out of Chicago in years. The project is helmed by star chef Stephanie Izard, an Iron Chef winner, 2011 James Beard Foundation best new chef winner, and chef of a trio of Chicago restaurants with the seemingly unstoppable Boka Restaurant Group.

Read Full Article