Real Estate/Development
Oct. 16, 2013
LA's boom brings clamor for development rights
After three years of little activity, developers are now planning downtown Los Angeles projects that require acquiring additional density.
Daily Journal Staff Writer
Prior to the housing collapse, developers in Los Angeles were keen on erecting high-rises and buying the necessary building rights from the city to do so, buoyed by a certain degree of confidence in their ability to land tenants who could pay the rental prices such towers demand. Then the recession hit, high-rise projects halted, and in Los Angeles, costly transfer of floor area ratio - known as TFAR - stopp...
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