In case you missed it yesterday! Los Angeles NBC 4 news ran a great story on the strong recovering housing market in Downtown LA and specifically how well the Ritz-Carlton luxury condos in South Park are selling, now 85 percent sold out (there are 224 units). I am very proud that the real estate firm that I belong to, The Agency, has the exclusive listing on the developer-owned units. I also spoke to the reporter, Angie Crouch, who was awesome for referencing DTLA Rising in the broadcast story!
As I discussed in a story last year about the Ritz-Carlton luxury condos, executive level housing plays a surprisingly major role in urban planning. Where CEO’s decide to live can determine where companies are eventually located (many times convenient to the CEO), and subsequently, if employees are afforded the option to take mass transit or not (e.g., transit-rich Downtown LA vs transit-starved Westside), affecting not only the environment but our quality of life.