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.

Why Warner Bros., Spotify & More Are Moving to LA's Arts District

Billboard.com | 2.8.2019

Now, in what could prove to be a seismic shift for the city’s music industry and urban development map, Warner Music Group is moving from its Burbank headquarters into a former Ford Factory building on South Santa Fe Avenue (the move could come as early as March). And Spotify recently inked a lease that will put the streaming service in a massive new development located a few blocks from the label.

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Manufactory Now Open in Downtown LA

Happening in DTLA | 1.31.2019

Much like the San Francisco original, this Downtown behemoth spans tens of thousands of square feet of retail, wholesale, and prep space, selling everything from takeaway coffee and pastries to daytime cafe staples from Tartine’s Chad Robertson and Liz Prueitt.

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Hem Opens First U.S. Store in Downtown L.A.

Architectural Digest | 1.23.2019

For its first foray into the U.S., Stockholm-based modern furniture retailer Hem is opening its newest showroom in downtown Los Angeles. Best known for its unique and colorful furniture, lighting, and other home furnishings, the brand first dipped a toe into the U.S. market last fall with a pop-up in Manhattan.

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America’s Favorite Habit Burger Opening First Downtown LA Location

DTLA Rising | 1.3.2019

Coming to the northern section of South Park, Habit Burger recently signed a lease to open its first DTLA location at the northeast corner of 9th and Hope on the ground floor of the new 888 Grand Hope Park residential tower.

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New DTLA Uniqlo Adds Strong Retail Presence to 7th Street Corridor

DTLA Rising | 12.13.2018

The Uniqlo flagship, which signed a lease earlier this year to open inside The Bloc, is another strong signal that prominent retailers — both local and international — have taken notice of Downtown LA’s successful urban revitalization.

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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.

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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.

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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.

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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.

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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.

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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. 

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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.

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