CEO of Rising Realty Partners, with 30 years in commercial real estate. The Real Market is his take on cities, capital, and the business of buildings — plain talk, no spin.
Downtown Los Angeles didn't lose its businesses. It drove them out, and the receipts are sitting in public filings, court transcripts, and lease records for anyone who wants to look. Start with who's already gone. Skadden Arps left One California Plaza for Century City in 2023,
Bonds are the honest baseline I measure everything against. Here's why I still take the harder yield in small multi-tenant industrial.
When the city talks about bringing downtown back, it talks about the big things. A stadium. A convention center. A subsidized tower with a famous tenant. The conversation is always about the marquee — the project you can cut a ribbon in front of. It is almost never about the law