http://www.angelenic.com/4153/landmark-westside-developer-takes-interest-in-downtown/ Downtown Los Angeles Blog: Restaurants, Retail, Culture, Events, Lofts, News. Rich Alossi, Author Sat, 19 Dec 2009 02:28:02 -0800 http://wordpress.org/?v=2.8.4 hourly 1 http://www.angelenic.com/4153/landmark-westside-developer-takes-interest-in-downtown/comment-page-1/#comment-15816 Guest Tue, 09 Sep 2008 16:17:07 +0000 http://www.angelenic.com/?p=4153#comment-15816 For all projects in the planning stages Downtown a big determinant in whether they are successful developments will be when the property was tied up. Land prices Downtown are definitely dropping, so it is going to be much harder for someone who bought land during the peak to make their margins on a deal. I would be interested to know the price per square foot that was paid for this land. If it is north of $400/sf, it is going to be hard for this developer to compete in 4 years with someone who can buy land today at $250/sf. For all projects in the planning stages Downtown a big determinant in whether they are successful developments will be when the property was tied up. Land prices Downtown are definitely dropping, so it is going to be much harder for someone who bought land during the peak to make their margins on a deal. I would be interested to know the price per square foot that was paid for this land. If it is north of $400/sf, it is going to be hard for this developer to compete in 4 years with someone who can buy land today at $250/sf.

]]> http://www.angelenic.com/4153/landmark-westside-developer-takes-interest-in-downtown/comment-page-1/#comment-15718 Stephen Friday Mon, 08 Sep 2008 22:47:27 +0000 http://www.angelenic.com/?p=4153#comment-15718 I doubt financing is even in play at this point. The developer has only recently started the entitlements phase. It could be a while yet before construction is set to start, by then the market could be in a healthier state. I doubt financing is even in play at this point. The developer has only recently started the entitlements phase. It could be a while yet before construction is set to start, by then the market could be in a healthier state.

]]> http://www.angelenic.com/4153/landmark-westside-developer-takes-interest-in-downtown/comment-page-1/#comment-15717 Guest Mon, 08 Sep 2008 22:45:06 +0000 http://www.angelenic.com/?p=4153#comment-15717 I am interested to know what bank they have lined up for construction financing? I am interested to know what bank they have lined up for construction financing?

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