Downtown Los Angeles Condo Market: 2010/03

Few markets have seen as many condominium buildings planned as downtown Los Angeles, and few have seen so many put on hold. A recent issue of the Los Angeles Downtown News lists approximately 50 downtown condominium projects. More than three-quarters of the projects have been scaled back, have had construction slowed or are on “hold.” The market has been so weak that a number of developers have taken losses by auctioning condominium unitsthat they have not been able to sell conventionally.

More at…The Myth of the Strong Center

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