Westside Real Estate Roundup: Is the Westside Still Hot?

Friday, March 15, 2019

For most of recent memory, the Westside has been one of the hottest markets for both commercial and residential real estate. Major developments, from Century City to the Water Garden to Playa Vista anchored the office market, while home values rose steadily. There was a time when seemingly everyone wanted to be on the Westside, and everyone wanted to develop on the Westside. 

Today, the Westside remains desirable -- and pricey -- but what does the future hold?

News of the Westside Pavilion being transformed into a tech campus for Google has everyone talking, but it also brings to the forefront a number of tricky issues for the region. Development is curtailed by shortage of land and zoning restrictions. Office tenants have rediscovered downtown Los Angeles and other business centers, and even startups seeking the hip environs of Silicon Beach have found that it's more trouble than it's worth. Please join WUF in March to discuss what this moment means for the Westside. We'll get insights from development, brokerage, and the public sector to find out whether the Westside will ever be hot again -- or whether it even wants to be. 

Patrick Amos, Senior Vice President, CBRE
Will Cipes, Vice President of Development for Southern California, Carmel Partners
William Chun, Deputy Mayor of Economic Development, City of Los Angeles
Tom Wulf, Executive Vice President, Lowe Enterprises

Judith Taylor, Partner, HR&A Advisors