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.
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.
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.
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.
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.
Engineering Firm Arup Signs $57-million Deal to Leave Playa Vista for Downtown's Wilshire Grand
LA Times | 6.7.2018
In one of the largest corporate relocations in Los Angeles this year, real estate engineering firm Arup has agreed to move its regional offices from the growing beach community of Playa Vista to downtown’s newest skyscraper: Wilshire Grand Center. Arup will leave its offices near Marina del Rey for three floors in Wilshire Grand, a 73-story tower completed last year that houses an InterContinental hotel and offices for rent.
Serendipity Labs Co-Working Plants Another Flag in LA
The Real Deal | 5.30.2018
Add Serendipity Labs to the growing list of co-working companies in Downtown Los Angeles. The New York-based firm signed a deal to occupy 23,000 square feet at CIM Group’s CityNational2Cal building in Bunker Hill, the company said Wednesday. It is slated to take over the entire 18th floor, and also offer an innovation center and outdoor event space on the plaza level of the 52-story building at 350 S. Grand Avenue.
Uniqlo Plans Two-Story Flagship at The Bloc in Downtown LA
DTLA Rising | 5.29.2018
A new “Merchandising Plan” provided by The Bloc shows that Uniqlo has successfully signed a lease to occupy one of the most coveted retail spaces at The Bloc property. With currently eight locations in the LA area, the Japanese fast fashion retailer is slated to open in a two-story retail space — at approximately 15,000 square feet — overlooking the corner of 7th and Flower Street.
South Korean Gaming Giant Netmarble Relocating to DTLA
Connect Media | 4.11.2018
South Korean gaming and entertainment company Netmarble Games Corp. is moving its U.S. offices to Onni Group‘s 600 Wilshire Boulevard in downtown Los Angeles. The U.S. based division is expanding into 14,000 square feet from its current 5,900-square-foot footprint at 6131 Orangethorpe Ave. in Buena Park.
A First Look Inside NoMad Los Angeles
Forbes | 1.29.2018
The brand new NoMad Los Angeles is more than just a West Coast outpost of the posh New York hotel. The 241-room property that opened this month has an L.A. vibe all its own, with a glamorous rooftop pool (still getting its finishing touches) and a swank 1920s neo-Classical atmosphere that's straight out of old Hollywood.
DTLA Retail Goes Top Shelf
The Real Deal | 1.19.2018
The seeds of the neighborhood’s retail rejuvenation were largely planted as far back as 2012, when construction of the FIGat7th complex at 735 South Figueroa Street was completed. The development held the promise of luring new national retail tenants to the area, and with Target, H&M, Zara and others in place, the shopping center added a 27,000-square-foot Nordstrom Rack as one of its anchors in October 2017.
Jerde Architecture Firm Will Quit Congested Venice For Downtown Los Angeles
LA Times | 10.24.2017
The Jerde Partnership, one of Los Angeles' best-known architecture firms, will move its headquarters from the Venice boardwalk to downtown as rising rents and traffic congestion speed its departure from the Westside...Jerde will move in February to the former headquarters of Southern California Edison Co., a 13-story, Art Deco-style landmark completed on Bunker Hill in 1931 now known as the CalEdison Building.
Film Production Company to Relocate to Fashion District
LA Downtown News | 8.4.2017
Joe and Anthony Russo, the sibling directors behind box office hits Captain America: The Winter Soldier, Captain America: Civil War and You, Me and Dupree are moving their offices and companies to an 18,300-square-foot office space in City Market South in the Fashion District. Their branded content studio Bullitt will relocate from West Hollywood, according to a spokesperson for the directors.
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