Offices at Park DTLA

Offices To Convert Into Life Sciences Campus At 123 South Figueroa Street, Downtown Los Angeles

Los Angeles’ regional bioscience industry might get a boost as n office complex will soon be converted into a life sciences campus at 123 Figueroa Street in Downtown, Los Angeles. The project proposal includes the redevelopment of an office complex built in the 1980s into a campus dedicated to life sciences and research. BEP Helix, a company run by local biotech investor Ben Pouladian, is reportedly purchasing the leasehold interest in Park Downtown Los Angeles (Park DTLA). The land itself is owned by CRA/LA, and leased to Bunker Hill Park Ltd. under a deal which is scheduled to expire in 2077.

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1800 Tapo Canyon Road. Image via Loopnet.

Work Underway at 1800 Tapo Canyon Road, in Simi Valley

Work is underway at 1800 Tapo Canyon Road, in Simi Valley. The project is by Stream Realty Partners (Stream), a national real estate services, development, and investment company, and joint-venture partner QuadReal, a global real estate investment group. When completed it will bring 344,100 square feet of Class A industrial space to the area.

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2870 Olympic Boulevard

Apartment Building Rises At 2870 Olympic Boulevard, Koreatown, Los Angeles

A new residential building is rising at 2870 Olympic Boulevard in Koreatown, Los Angeles. The project proposal includes the development of a seven-story apartment building, replacing a commercial building and single-family home at the southeast corner of Olympic Boulevard and Kenmore Avenue. Real estate development firm LiveWorkCreate is the project developer. EWAI is designing the apartment complex.

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Runkle Canyon. Image via City of Simi Valley.

Work Progressing at Runkle Canyon, in Simi Valley

Work is progressing at the Runkle Canyon development, in Simi Valley. The project is bringing a variety of housing to the hills, including single family homes, a senior housing condominium complex, and a senior recreational center. Runkle Canyon, LLC is the developer, made of a joint venture between KB Home and Lennar Homes.

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