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.

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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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. 

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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.

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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.

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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.

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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.

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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.

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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.

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