Los Angeles’ retail scene has long offered a tale of two cities. While some districts boast blocks of luxury boutiques frequented by the rich and famous, others are known for their quirky vibe aligned with California’s laid-back reputation.
As e-commerce and changing spending patterns have cut into retailers’ bottom lines, the city’s retail landscape has changed. It’s still a tale of two cities, but now the dividing line comes down to customers: who gets them, who doesn’t and why.
The divide between the haves and have-nots is growing more extreme as economic and social factors play out following the pandemic.
Flames still raged in the Los Angeles area when Matt Schodorf lined up at the county planning department to kick off the rebuilding of his coffee shop, Café de Leche. The shop formerly sat on Altadena’s Lake Avenue but had been reduced to ash and rubble mere days before.
Many of its neighbors suffered the same fate as the Eaton fire bore down on the small community, just one of many fires that blazed across Southern California in January.
Three months later, Schodorf and other property owners along Altadena’s commercial thoroughfare still want to rebuild to get their lives back on track.
Human Resources and payment processing giant Workday has agreed to a 416K SF office letting at M&G Real Estate and Marlet Property Group’s College Square scheme.
The long-anticipated deal will unify California-headquartered Workday’s 2,000 Ireland-based employees from two locations into one single hub.
It is the largest single European office letting since 2021.
Workday will occupy the entirety of College Square’s office space. The remaining space at the 22-storey building, the tallest in Dublin, comprises 58 residential rental units and ground-floor retail. The building is due to complete in June, and Workday is expected to start its fit-out soon after.
Last month, Savills predicted that the Dublin office…
Chicago’s Sterling Bay is set to launch development at Redtail Ridge, moving forward on a 2.6M SF life sciences campus in Louisville that’s been two decades in the making.
The reimagining of HALL Park, the 162-acre office campus in Dallas’ northern suburb of Frisco, is now one-third complete — a milestone moment in HALL’s $7B investment to reinvent the high-end but single-use office park into a place where people can live, work and play.
“We’re transforming a traditional office park into a true mixed-use, outdoors-inspired environment, which is what the companies and residents of today want,” HALL Executive Vice President of Leasing Kim Butler said.
“Everyone wants to have convenience, entertainment and lifestyle amenities at their fingertips, and we want to make sure that HALL Park delivers for our office tenants,…
Build-to-rent completions went down slightly in Dallas-Fort Worth last year, but the metro still saw enough finishes to end the year ranked No. 2 in the nation.
Novartis plans to expand its U.S. manufacturing footprint to give the Swiss pharmaceutical giant the ability to produce more drugs for American consumers entirely inside the country.
Employees at Citadel aren’t waiting to be told where the future is headed — they’re already packing for Miami.
Trammell Crow Co. is the latest developer to signal ambitions for a data center megaproject in the Peach State.