We at DTLARealEstate.com are always trying to pair great potential tenants with property owners. On a regular basis we reach out to businesses both large and small to recruit them into space in Downtown Los Angeles. What we would like do now is hear from you to see which businesses you would like us to contact. We will be posting this blog entry on several DTLA groups and forums and we encourage you in the comments to tell us what you would like to see in Downtown and where. However we do ask that you give suggestion other than Trader Joe's and In n Out. We know you want those and we've already been in contact! Please comment below and help us shape your downtown.
Having integrity means having strong unwavering morals and principals. It means being honest. It means creating unity and standing undivided. Based on that meaning you would think the Neighborhood Integrity Initiative is a comprehensive plan to bring Los Angeles together and stand up for ideals that are moral and just. Instead NII is just the opposite. It is a deceitful plan that only pretends to stand up for Los Angeles. In reality it is a ballot initiative that is attempting to stop almost all building in the Los Angeles area for a period of two years in order to help raise property values and protect skyline views. Worst of all it is funded by money donated to help save the lives of people afflicted by HIV and AIDS. The ballot measure is the brainchild of Micheal Weinstein, the head of the AIDS Healthcare Foundation. The offices of the AHF sit in Hollywood directly next to the proposed site of the Palladium Towers. These towers will restrict the amazing view Mr. Weinstein has from his 23rd story office. Coincidentally when this was announced Michael decided that it was time to help those affected by HIV by fighting high rise towers in Los Angeles. He explained that greedy developers are putting up mega towers all over LA and he was going to fight for people that needed affordable housing, such as many of those afflicted with this devastating virus. Michael Weinstein says that he is not against building, he is against large developers getting spot zoning variances from the city. It is true that this happens, but LA's zoning code is such a mess that nearly every building requires some sort of spot zoning variance. He fails to mention that the same affordable housing projects would also need these variances. He also leaves out that Recode LA is addressing this very problem. Michael Weinstein says he is all about neighborhood integrity. His "integrity" would cripple our local economy, spike housing prices, and stop all the progress we are making as a city. It would do this with money donated to save lives. We at dtlarealestate.com ask that you ask yourself what integrity really means and vote no on NII in March.
We get calls everyday from people who would love to break into the Downtown Los Angeles restaurant market. Many people think you can go out and find a space, put in your equipment and furniture, have the health department sign off, and then start making money. If only it were that simple. Unless you are assuming an existing business and changing nothing you will generally have to go through a change of use through building and safety. You have to have your restaurant fully designed and planned and wait for their review before you get to start renovating. Most full service restaurants need to serve alcohol to hit their profit margins which involves a conditional use permit. Both of these are long and complicated processes which involve going in front of local area councils, LAPD, and the department of building and safety. It's no easy feat. You have to be prepared to pay rent on a space for anywhere from 10 to 12 months before you open your doors. We at dtlarealestate.com understand that for many individual owners this is not possible. As we don't believe that the only people in hospitality in downtown should be large corporate entities or millionaire owners, we like to assist potential owners in negotiating the best deal to mitigate these challenges. We can help negotiate periods of free rent or tenant improvements by the property owners to assist you. We also have close relationships with permitting experts that specialize in downtown. We even have a member of our staff who has a decade of experience in the hospitality field. There is no better brokerage in downtown to help you opening a restaurant in Los Angeles! Especially leasing a restaurant in Downtown LA!
Imagine having your creative office space in a Downtown Los Angeles theater landmark. That dream can be in reality as it has been announced that the Los Angeles Theater Center has made available a fifth floor creative office space on a use permit. Your client and employees can walk through the theater center lobby featuring high ceilings and gorgeous skylights to reach this incredible space. The space itself is 1700 square feet of blank canvas space to allow your own personal touches. It features a wide open space complemented by three privates offices. The space's amenities include Central HVAC and access to both a passenger and freight elevator. If you are interested in this rare opportunity please contact Donegan McCuaig at (213) 304-4727 or view our other listings at www.dtlarealestate.com. DISCLOSURES: The information contained herein is deemed reliable but was obtained from third parties and has not been independently verified by DTLA Real Estate and is therefore not guaranteed. Brokers/agents are not qualified to act, consult, make conclusions, and/or provide advice with respect to legal, tax, environmental, licensing, permitting, architectural, building code and construction, soils-drainage, and/or any other such matters, so for these things you should refer to the appropriate expert of your choice. Pictures shown might not be of the actual particular available space, but of a similar one in the same building. As commonly practiced in commercial real estate, if there is a common area, square feet quoted is the gross square feet and includes a portion/load factor of the building's common areas. Rent rate and terms on all of DTLA Real Estate's advertisements and correspondences are subject to change so the final rent rate and terms are not valid or binding until a written lease has been signed by lessor and lessee. Please see our web-site for full disclosures. Lic#01753250
DTLA Real Estate.com is proud to present an incredible new opportunity to lease large restaurant or retail space on Spring Street. This space used to house an annex of the LA Times Office, but the recent layoffs at the Times have opened this space up to the public. The site sits directly across the street for the future location of the Metro Regional Connector so foot traffic will not be a problem here. The false facade of smooth plaster of this building will be removed and the original historic architecture will be restored and refurbished, separating it from the Southland Credit Building. The space has a stunning stylish industrial look that is extremely popular now, with soaring ceilings and fantastic skylights these spaces are definitely jaw-droppers, making them an ideal space for any company wishing to juxtapose themselves with a cool/hip image. The space is steps away from The Edison and and is within walking distance of Grand Central Market, Walt Disney Concert Hall, and the brand new Broad Museum. A restaurant tenant will be in company of venues such as Redbird, Otium, and Badmaash. The building can be rented together or divided evenly into two and rented separately. The building can be a net lease of the entire space or it can be subdivided into spaces of 2886sf, 7153sf, and 1489sf! Space features incredible raw wood and raw brick materials. If you would like to set up a tour of this space please contact Donegan at 213-304-4727. Also please view our other listings on our website at dtlarealestate.com BRE Lic #01753250