dtla real estate empire

VOL 17. NO. 01 - JUN 9TH - JUN 15TH 2022 WWW.DTLAWEEKLY.COM 13 FROM THE LEGENDARY GROUP

CHECK OUT - ABOVE

Photo courtesty Cushman and Wakefield A brand new 350,000-squarefoot speculative ground-up creative office project is planned for construction in Los Angeles’ Arts District, a neighborhood continuing its transformation into a true live/ work/play community through an influx of fashion, media and entertainment, and tech tenants.

Owned and entitled by Los Angeles-based Legendary Group, the 17-story Class A project named Above will consist primarily of 311,000 sf of office space on 12 floors plus 22,000 sf of ground floor production, retail, and/or food & beverage space. There are also three levels of subterranean parking and four levels of above grade parking. Above is anticipated to begin construction in mid 2023 with an estimated delivery in early 2026.

Legendary Group, together with Brookfield Residential, also developed The Aliso mixeduse project in the Arts District. Consisting of five low-rise buildings featuring 472 live/work residential units over 22,000 sf of ground-floor commercial space, The Aliso was built in 2019 and has enjoyed great leasing success.

Located at 411 S Hewitt St, Above will be a one-of-a-kind project with modern amenities and design functions, including one super floor, private outdoor patios on every floor, floor to ceiling glass, 360-degree views of Southern California, and a breezeway providing direct access between Hewitt St to Colyton St. LEE & ASSOCIATES COMING TO

DOWNTOWN LA

Established in 1979, Lee & Associates the largest broker-owned commercial real estate firm in North America and soon the firm will turn the keys to a brand new office in South Park.

The firm has set its sites on expansion with the opening of ten new office locations across the continent over the last five years. DTLA, the heart of Los Angeles will join San Francisco, Omaha, Naples, Washington, DC, Boston, Toronto, Cincinnati, Raleigh, Miami, and Seattle before year’s end – adding to our list of best real estate firms in Downtown Los Angeles.

The 5,000-square-foot Lee & Associates Los Angeles – Downtown office will be located at 1201 North Main Street.

As the office expands, they have negotiated the option to take additional, adjacent square footage totaling 7,500-square-feet.

The downtown office will specialize in industrial, office, and investment brokerage, with plans to strategically recruit teams that will grow their capabilities in multifamily and retail.

Lee & Associates Los Angeles – Downtown will be led by Jack R. Cline, Jr. as President.

The downtown team consists of thirteen brokerage professionals, including Doug Cline, Tony Naples, Evan Jurgensen, Matt Eddy, Miles Solomon, Loren Kaplan, Everett Phillips, Mattison Behr, David Cox, Sam Rinkov, and Allan Roman.

In addition to their transactional agents, the team will also include Madeline Segura, Andy Baquerizo, Maggie Kusumawathy, Ebe Puyolt, and Lori Thor. DTLA REAL ESTATE EMPIRE