DTLA LIFE MAG #30 | HOLIDAYS 2016 | Page 113

Q3 2016 MARKET REPORT SPOTLIGHT ON DTLA Local Media 9/28/16 BIOTECH’S L.A. PRESENCE GROWS, WITH TRADE GROUPS FIGHTING OVER TURF “Biocom [located in Downtown LA] promotes Southern California as a mega-region for life sciences. It champions Los Angeles as providing benefits that San Diego lacks, such as a more global profile and easier access to key centers around the world.” — LA Timesa 9/24/16 TOWERING DEVELOPMENT IS PROPOSED FOR LA’S ARTS DISTRICT: AN ‘OPPORTUNITY FOR DENSITY’ “An Orange County developer is proposing one of the most ambitious developments of the current real estate boom in downtown Los Angeles — a massive mixed-use complex with twin towers soaring 58 stories that would dramatically remake the largely low-rise Arts District.” — LATimes.com 9/1/16 NEW LEADER AT FASHION DISTRICT BID “After Kent Smith stepped down as executive director of the Fashion District Business Improvement District on July 31 following a 17-year run atop the organization, Rena Masten Leddy was named the interim head. Now, remove the “interim.” The organization’s board of directors has named her the permanent executive director.” — Downtown News 8/15/16 DTLA FOCUSES ON NEXT GROWTH PHASE “Following another quarter of phenomenal growth, the DCBID is now focusing on job opportunities and companies focused on innovation and creativity for the next phase of the renaissance, GlobeSt.com reports in this EXCLUSIVE story.” — GlobeSt.com 8/1/16 NEW RENDERINGS RELEASED FOR PROPOSED OLYMPIC FACILITIES “L.A. Olympic officials have proposed modifying the Los Angeles Memorial Coliseum by adding a new temporary floor above the football field for use in track and field events. The area underneath the deck could be used as warm-up space.” — Urbanize.la 7-29-16 LITTLE TOKYO’S BRUNSWIG SNAGS GENERAL ASSEMBLY, SPINFISH IN DOWNTOWN LA “Jamestown is actively in the midst of upgrading the Brunswig property from top to bottom.” — DTLA Rising 7/22/16 REAL OFFICE CENTERS LEASES AT ROW DTLA “Shared workspace group Real Office Centers (ROC) has signed a 15-year lease for approximately 27,000 square feet of space at ROW DTLA, an adaptive reuse project on the outskirts of the Arts District.” — Urbanize.la 22 Downtown Center Business Improvement District