Quote:
Originally Posted by LosAngelesSportsFan
people, the economy today has nothing to do with it. economic times change as does demand. With downtown LA improving every day, its very feasible that there will be strong demand for this office building as well as others 5 years down the line. The momentum can really build.
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Not only that, these development companies perform thousands of hours of due diligence. They know which tenants are where, when their leases expire, who's looking to relocate from other locations, etc, etc.
Remember that by 2016, there will not have been a significant new
office tower in downtown in almost 25 years. Given the advances in building technologies, a tower such as this would be an excellent entry into the market.
Not that this is the only project on the boards, but it's probably the one with the most viability.