Downtown Weekly LA

Sold! Greenland Sells THEA at Metropolis to Northland for $508mil

However, with previous owners Greenfield facing debt, the Chinese based company had to let go of the main tower at Metropolis for $504 million, marking one of the largest single asset market-rate multifamily acquisitions in U.S. history despite having to sell under their original $695 million dollar asking price.

Billed as “a city within a city”, Metropolis is a 6.3-acre mixed-use development conveniently located only two blocks away from L.A. LIVE and Crypto.com Arena.

Originally built as for-sale condominiums, THEA quickly converted to apartment homes in 2020 and is currently at 91% occupancy.

This sparkling new emerald bargain is a 59-story, 685-unit Type-I constructed mixed-use asset where tenants enjoy 360 degree rooftop views of Los Angeles, wall floor-to-ceiling glass construction; gracious 1,038 square foot units; luxury condo-spec interior finishes and an unprecedented 1.5-acre podium amenity deck complete with resort-style pool.

The purchase price values the multifamily units (97% of total) at $714,000 per unit and $688 per square foot, a 40-45% discount to today’s replacement costs. “In THEA, Northland secured an extraordinary opportunity to acquire the highest quality luxury apartment tower in the United States at a steeply discounted price.

The building’s spectacular design, condo execution, and unparalleled amenities offer residents a nextlevel experience that will hold the test of time,” said Matthew Gottesdiener, CEO of Northland. “Northland believes fervently in the enduring appeal of California and a vibrant future for Los Angeles, and we are encouraged to find these are contrarian opinions well compensated in the market today.”

Northland owns and operates a diversified multifamily portfolio that includes more than 26,000 units throughout sixteen states, and a $3 billion development pipeline with marquee land sites in Boston, Atlanta, Orlando, Denver, and Richmond. Following the acquisition of THEA, Northland’s portfolio now presents an average vintage of 2006, with 30% comprising infill mid-rise or urban highrise assets. Congrats! Don’t forget to invite DTLA to the party.

Northland is cutting the cheese and popping bottles of champagne in celebration of their newest acquisition, THEA at Metropolis in downtown Los Angeles (DTLA).

10 GREAT PLACES FOR

kids IN DOWNTOWN

ONE...Travel Back in Time at Beyond King Tut: Immersive Experience

Travel back in time one hundred years in time to rediscover the wonders of ancient Egypt at Beyond King Tut: Immersive Experience now on exhibit at Magic Box in Downtown LA. Families uncover what life was like for the boy king over 3000 years ago within nine separate galleries filled with immersive artistry, artifacts and interactive games once played by the young Pharaoh himself.

Go VIP for the life-changing VR experience that gives visitors the feeling of being inside the King’s massive tomb filled with his treasures, and bear witness as they reopen his golden Sarcophagus.

TWO...Ages of Discovery at Exposition Park

It’s official, Exposition Park has got to be one of the coolest destinations for young people in existence. Dinosaur bones and spider pavilions welcome kids to explore nature at the National History Museum. Families voyage to the Amazon Jungle, outer space and underthe-sea adventures at the IMAX theater. With the African History Museum and the space shuttle Endeavour, it just doesn’t get any more exciting for children with acquisitive minds. At Exposition Park, families can experience the past, present and future all in one visit.

THREE......Walking in a Grand Central Market Holiday Wonderland

Soon all of DTLA will be Walking in a Holiday Wonderland at Grand Central Market. From December

3-31, Grand Central Market will come alive with holiday cheer, offering activities for the whole family including Santa meet & greet, family photo sessions, holiday shopping and workshops, live music and more –a wonderland of onestop-shop for all your holiday needs, and of course, delicious food and drink. When the doors first opened in October 1917, GCM is the pride of Downtown, with over 40 vendors, there are plenty of options and kid favorites to choose from like pizza, Spaghetti, ice cream, peanut & jelly and even bins full of candy!

SIX...Sticking to Tradition at Olvera Street

For as far back as memory will allow, Olvera Street has been a staple of Downtown LA. On its site sits the oldest Pueblo, the oldest church and the oldest restaurants of our great city.

From Cinco De Mayo, Mexican Independence Day, Dia de los Muertos and Blessing of the Animals to the reenactment of the journey of baby Jesus, families and school buses filled with innocence have been flocking to the birthplace of Los Angeles since the 1930s.

The FOUR...

Holiday Ice Rink

Pershing Square

Downtown’s Holiday Ice Rink at Pershing Square is back after two-year hiatus. From November 23rd through January 1, 2023, families can gather at one of downtown’s most historic parks for hours of ice skating fun and adventure at the city’s largest outdoor rink.

The Holiday Ice Rink Pershing Square annual Icebreaker

Opening Celebration on Wednesday, November 23 at 11:00 am features a live performance, special guests and an “icebreaking” ceremony, where a large ice sculpture is shattered.

The Holiday Ice Rink Pershing Square’s first skaters will be youth from South Los Angeles and will keep up the libations with special guests, skate exhibitions, private parties and welcoming community activities until the new year.

Operating seven days a week its cobbled calle and Mexican Marketplace surrounded by historic buildings, the famed Olive Tree, performance stage, and plaza monuments has brought people families together for food, music, Souvenirs and of course, a chance for the little ones to bring home to a photo sitting on the stuffed burro.

Seven...Step Right Up at Two Bit Circus

Step right Up to Downtown’s tech-infused Big Top and enter a whole new world of interactive entertainment for all ages. Kid particularly enjoy the neon glow of attractions and arcade games, and fill up quickly on the wide variety of food and beverage. Two Bits offers a maze of immersive stories, Escape Rooms that will have kids piloting spaceships, looting dungeons, and even performing surgeries. Two Bit Circle is all about fun and games.

FIVE...

Vintage Fun on Angels Flight Railway

Directly across from GCM is one of Downtown LA’s oldest landmarks and tourist attractions. Built in 1901, Angels Flight Railway has given more than 100 million passengers lovely hints of the older days of Los Angeles. With two brightly colored orange vintage trolleys offering a

rickety slow ride up and down the tracks, Angels Flight stays true to its creator, Old Colonel J.W. Eddy and his amazing vision. Eddy named the two cars, Sinai and Olivet and polished their iron handrails and cedar seating to match the decor of the day. Gingerly passing each other on separate tracks the two cars have shared a relationship escorting passengers, both young and old from Hill Street to Bunker Hill for over 100 years.

kid-friendly favorites and an entire entertainment hub complete with restaurants, and a sports arena to back it up.

NINE...Root, Root, Root for the Home Team

Speaking of sports, the Downtown skyline can be viewed at all three major sports arenas. From Crypto Arena, Banc of California & Dodger Stadiums, “root, root, root for the home team” always gives the little ones plenty of reasons to cheer.

EIGHT...Dinner & a Movie —- a Kids Movie Of Course

Can’t go wrong with a great kid-friendly cinema. That’s at least four hours of food and entertainment at both of Downtown’s movie houses.

Alamo Drafthouse at the Bloc just put their joyful Candy Cane Shake is back on the menu along with Decadent Hot Coco with marshmallows paired with warm sugar cookies. Regal Cinema at LA Live is good for kids, offering a state-of-the-art immersive multiplex movie theater playing

TEN...Ride Like the Wind at CicLAvia

Inspired by Columbia’s Bogotá weekly ciclovía, CicLAvia temporarily closes streets to car traffic and opens children of all ages for hours of biking, walking, roller skating, and rolling blading fun. Join thousands of riders who take to the streets 6 times a year with one of the events creating a massive bike path through the streets of Downtown Los Angeles.

Photo Courtesy: California Science Center

Photo Courtesy: Olvera Street Official

Innovative, Charged, and Ready to Roll – LA Auto Show Returns with Electric Vehicles at the Forefront

Founded in 1907, the Los Angeles Auto Show is widely recognized as one of the most influential auto shows globally. Held at the Los Angeles Convention Center, taking place from November 18 to 27 at the Los Angeles Convention Center, the LA Auto Show® will host new EV debuts and give showgoers access to an array of electric-vehicle test drives and rides, demonstrating the benefits of these cars, trucks and SUVs in terms of performance, comfort and practicality.

A seemingly endless selection of cars, crossovers, SUVs and trucks, will be on display throughout the entire show. Both electric and gas-powered vehicles will be available for on-site test drives, giving show-goers myriad opportunities to comparison shop driving experiences.

“With California at the epicenter of electric vehicle manufacturing and design, our show continues to attract the world’s preeminent innovators, who want to reach car buyers throughout our state,” said Los Angeles Auto Show President Terri Toennies. “As electric vehicles gain a greater share of the market, it’s vital that consumers have the opportunity to experience the ever-growing number of models available.”

With the largest public fast-charging network in the U.S., Electrify America is uniquely qualified to keep electric vehicles at the show fully charged and ready to transport thousands of attendees each day.

As the official charging partner of the Outdoor EV Test Track, visitors will see the benefits of Electrify America’s Homestation home chargers as they power vehicles over the course of the 10-day show. Additionally, 6 indoor test tracks will feature opportunities to participate in vehicle ride alongs.

Meanwhile, California-based Hyperion will show the capabilities of hydrogen power for zero-emissions vehicles through its XP-1 hypercar, which features a 0–60 mph time of 2.2 seconds and a top speed of 221 mph. The Hyperion XP-1 offers 2,038 horsepower thanks to its highperformance drive train that is equipped with an axial flux electric motor at each wheel and is estimated to have an impressive 1,000-mile range.

The Los Angeles Auto Show isn’t just about new vehicles. The show will have many highlights that showcase the various extensions of EV and emerging technologies including:

▪ LA-based, INDI EV will display the INDI One, a four-door, 475-horsepower EV with a 300-mile range and a revolutionary interior living space

▪ The ‘67 Mustang by Charge Cars reimagines classic American muscle with the modern benefits of electric drivetrain innovations

▪ Show-goers can learn about autonomous driving technology from Motional, who will showcase an all-electric IONIQ 5 robotaxi, a Level 4 autonomous vehicle that can safely operate without a driver

▪ Solar charging conversion specialist 27North will display a functional conversion for one of its rugged, luxury off-road exploration trucks

The 2022 Los Angeles Auto Show will be cashless; tickets online or at onsite ticketing kiosks with a credit or bank card. www.laautoshow.com.

Electric vehicles stand at the forefront of the 2022 Los Angeles Auto Show, where attendees can see and experience a wide array of new EVs.

FIRST FEMALE MAYOR OF LOS ANGELES

DTLA Congratulates MS. KAREN BASS

Once neck and neck with her opponent billionaire developer Rick Caruso, after making the world wait an entire week before the final results, in the end, Bass would emerge victorious winning with more than 53 percent of the vote.

“The people of Los Angeles have sent a clear message,” Ms. Bass said in a statement on Wednesday. “It is time for change and it is time for urgency.”

the first woman elected as Mayor of Los Angeles.

Soon Mayor Bass will move into her new office at City Hall on Main Street in Downtown Los Angeles where she will work on fulfilling her campaign promises to tackle the city's homeless crisis and help cap the increase in crime.

Debate after debate, Ms. Bass stated as mayor she would declare a state of emergency on homelessness and house 17,000 homeless people in her first year. She also has promised more police officers on the street.

No stranger to the campaign trail, Bass was serving her sixth term in the House of Representatives when she decided to join the race for mayor of Los Angeles in September of last year.

Bass is a native Angeleno and graduate of Cal State Dominguez Hills, the University of Southern California’s School of Medicine Physician Assistant Program, and the USC Masters Program in Social Work. She once worked as a Physician Assistant and as a clinical instructor at the USC Keck School of Medicine Physician Assistant Program.

Remarkably, Ms. Bass can now add heading LA to her vast list of accomplishments which include actively working towards crafting sound criminal justice reforms, fighting for LGBTQ people across key areas of life, protecting intellectual property rights from infringements, and improving the nation's child welfare and foster care systems.

Before her election to Congress, Chairwoman Bass served in the California State Assembly, where in 2008, she made history by becoming the first-ever AfricanAmerican woman in U.S. history to serve as Speaker of any state legislature.

She was one of four legislative leaders awarded the John F. Kennedy Profile in Courage Award.

In the early 1990s, she convened a small group of community organizers, both African-American and Latino, and founded Community Coalition to help transform the social and economic conditions in South Los Angeles that foster addiction, crime, violence and poverty by building a community institution that involves thousands in creating, influencing and changing public policy.

A long way from Capital Hill, soon Ms. Bass will be forced to tackle the harshest reality we Downtowners share and must face day after day - one of which is the most frustrating and consistently nerveracking occurances known to break down the toughest among us from which there can be no escape. Traffic. Welcome to Downtown Mayor Bass.

Sip Boba Brings First of Its Kind Alcoholic Boba Bar to Little Tokyo DTLA

Sip Boba Lounge, in Little Tokyo, is now the only alcoholic boba bar in Southern California. Located on the third floor of Weller Court, previously occupied by the popular jazz bar, Blue Whale, SIP offers the most delightful spiked boba within a spacious facility complete with outdoor patio.

Sip Boba is the perfect combination this sweet comfort and intoxicating edge. Among its craft alcoholic boba flavors are a variety of fruit-based specialties, such as Tropic Like It’s Hot, which is pineapple green tea infused with coconut rum. Other offerings include strawberry black tea infused with banana Schnapps and rum, mango green tea infused with tequila, lychee green tea infused with vodka, peach black tea infused with peach Ciroc, blackberry black tea infused with gin and blackberry liquor, and passionfruit green tea infused with cognac.

SIP also has several milk-based alcoholic boba drinks, like black milk tea infused with Baileys and rum, black milk tea with Kahlua and Baileys, black milk tea with almond liquor and rum, and black milk tea infused with butterscotch Schnapps, rum and Baileys.

Tasty food items at SIP include soy garlic edamame, garlic furikake fries, deep-fried gyoza, brussels sprouts, a hand-breaded pork katsu sandwich and smash burger sliders.

The 3,500-square-foot venue with a capacity of over 200 people is also perfect for private event rentals, such as mixers, viewing parties, film or photo shoots, and holiday parties with top-of-the-line production, LED screens and lighting for people to relax, hang out and impress.

The SIP lounge is open from 5:00-9:00 p.m. inviting all to partake in one of Downtown’s most exciting Happy Hours Thursday through Saturday with happy hour specials. Then, from 10:00 p.m. to 2:00 a.m., it turns into the SIP Little Tokyo nightclub. @SIPBOBALOUNGE

After months of debates and what may have seemed at first like the closest Mayor race in history, Democratic congresswoman Karen Bass just became

After enjoying the success of selling sealed alcoholic boba teas to go during the pandemic, founder by Jackson Chang of Arena Nightlife Group started introducing alcoholic boba drinks to nightclubs as soon as they opened back up. But, he didn’t stop there, two years later Chang would offer the world a boba experience unlike any other.