I third the "great blog Steve!" sentiments.

The owners are in a tough spot but I've seen some of their projects first-hand here in L.A. and the term quality is more than accurate. They do things right.


But as much as they keep saying they don't want to make promises they can't keep or set expectations too high too soon, their latest announcement seemed to do exactly that.

When you put up signs that say a building is to be "reborn" and then more than a month earlier build anticipation for what you say is going to be a major announcement... Then only announce $1.5 million in improvements which includes tearing out an area that almost no one sees as a high priority, you are going to get a fair amount of backlash.


I know they'll sink a lot of money into that place in the longer term and that's the most important thing. Hopefully, they can patch things up with current and potential tenants and keep that place somewhat occupied until they can get some major work done.


As I mentioned previously, it was only about 20 years ago the existing owners merely gave the whole complex away to charity just to get rid of it. I'm quite sure in another five years or so we'll see substantial improvements across the board and a building and complex the entire city can be proud of.