[LosAngelesSportsFan]

This very concept is what has brought back life into downtown LA. The adaptive reuse ordinance was established in 1999 and dozens of older, historic, vacant office buildings have been converted to lofts. I live in one and right across the street from my building, the upper half of a 22 story 1990's office building was converted to million dollar lofts. Now with prices going sky high for the remaining stock, hotel owners are buying these former office buildings and converting them to 100 - 250 room boutique hotels.