Tag: corey chambers

Corey Chambers – Is me, the author of the L.A. Loft Blog, Realtor agent Corey Chambers. I’m a Real Estate Broker in California DRE#01889449

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Historic Broadway Building to Become Four-Star Boutique Hotel

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When Los Angeles preserves the historical buildings it insures it’s prosperity!

By Jon Regardie of DOWNTOWN LOW ANGELES NEWS – In one new project, Downtowners will see the continuation of two trends: the growth of the hotel industry and increased activity on Broadway.

A joint venture between developers Frank Stork, Channing Henry and longtime Downtown player the Kor Group has purchased the Case Hotel, a 1924 building at 1106 S. Broadway. They plan to turn the 107,000-square-foot edifice into a four-star boutique hotel.

The 13-story building, which is vacant now but recently housed facilities for the YWCA of Greater Los Angeles, sold for the asking price of $13.5 million. The acquisition was funded with private capital and a loan from Karlin Real Estate Lending.

GET A FREE HOTLIST OF SECRET LOFTS AND CONDOS IN DOWNTOWN L.A.

A hotel operator and building transformation details have not been revealed, though the acquisition team said it intends to redesign the red brick and stone masonry property and target “Downtown’s growing population of creative professionals and leisure travelers.”

It is the latest move in the Central City for Kor Group, which was one of the first on the housing scene when it opened the Pegasus Lofts in the Financial District in 2003. The developer has also worked on the Eastern Columbia Lofts, Santa Fe Lofts and the Barker Block.

“We are thrilled to continue to participate in the re-emergence of Downtown Los Angeles,” the Kor Group’s Brad Korzen said in a prepared statement.

Stork and Henry are real estate veterans who have worked on numerous hotel projects in the United States and Mexico.

The project would continue a rush of development on the southern portion of Broadway in Downtown. An Urban Outfitters will open in the former Rialto Theatre at 812 S. Broadway next week and a boutique Ace Hotel, with 180 rooms, is scheduled to debut at 929 S. Broadway on Jan. 15.

Housing developers Barry Shy and Geoff Palmer also have plans to build residential complexes in the vicinity of Ninth Street and Olympic Boulevard on Broadway.

A timeline and budget for the new hotel project have not been announced.

Mike Condon and Ben Stapleton of Jones Lang Lasalle represented the purchasers in the transaction, while seller Jade Enterprises was represented by CBRE.

Corey Chambers L.A. Loft Blog
Corey Chambers L.A. Loft Blog

Corey Chambers, REALTORŽ
(213) 478-0499 Mobile
coreychambers@yahoo.com
GET PRIORITY ACCESS TO SECRET, UNLISTED LOFTS IN DOWNTOWN!
http://www.LAloftBlog.com

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Lofty Goals: Purchasing a NEW LOFT in Downtown Los Angeles!

Loft pic2013 was a landmark year in the loft real estate market.  A huge number of lofts were purchased at the first of the year and people sought to improve their lives by moving into lofts in Downtown Los Angles.  This race to the loft market is easily understandable given the amazingly beautiful conversions that are being sold.

Investing in real estate, wisely, is a great way to improve your financial life.  Equity opens up excitement in a person’s life-style, it gives a reason to work harder to afford a life that they chose.  Beautiful architecture, lively neighborhoods, and being close to the business center of the west coast can provide a life-style like no other in the western US.  Buying lofts are a way to live the way you chose, but also to invest in real estate in a recovering market!

Loft goals are obtainable and they are a great way to make plans and reach goals.  Commonly people make plans to improve their physical and mental well-being, improve their career and finances, and getting rid of old bad habits.

Thinking positively about what we can do to laugh more often, enjoy life more, and live a life a little closer to the life we want to live can bring great results!

GET A FREE HOTLIST OF SECRET LOFTS AND CONDOS IN DOWNTOWN L.A.

Sometimes smaller goals in life only take a certain amount of will-power.  For example, going to the gym, eating healthier, enrolling in that class you always wanted to take.  While larger resolutions may seem harder to obtain, they do come with a bigger reward.  With some resolutions we seek to change our entire lives.  Maybe, move to a new town, travel to that hard-to-get-to tropical island, our even getting married?  With a little planning even the biggest goals are obtainable.

If you have been thinking about investing in real estate, Downtown Los Angeles will be sure to excite you.  Visiting lofts and seeing the neighborhoods they set in is exhilarating.  This has been, and continues to be an Era of warehouse and factory conversions in Downtown Los Angeles.

Because of the competitive market for lofts, there has been a push to specialize in helping buyers to purchase these conversions.  As it is now, often developers work with only small handful of VIP agents prior to releasing their buildings to the general market.

Hundreds of lofts are getting ready to be put on the market in January 2014.  But right now we are among the few who have created relationships with loft developers and have VIP status.  Meaning, with us you can tour lofts before they are put on the market, with us you can make an offer before the general real estate market.

Let us help you map out the loft world to you.  We have experience in specialized needs, laws, financing that comes with purchasing a Downtown Los Angeles Loft.

Whatever your lofty goal is, we wish you success and happiness!

coreychambers@yahoo.com

DOWNTOWN LOFT & CONDO LISTINGS:  FOR SALE  |  RENTALS

Corey Chambers, REALTORŽ
(213) 478-0499 Mobile
GET PRIORITY ACCESS TO SECRET, UNLISTED LOFTS IN DOWNTOWN!
http://www.LAloftBlog.com

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The #1 Downtown buyer’s agent, Corey Chambers is a Top 6 Realtor® with a Double Platinum award-winning, 5-star Yelp rated team.  J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms. DRE#01889449