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Article: Mid-Wilshire weakens further in spring quarter.(Special Report: Real Estate Quarterly)
- Article from:
- Los Angeles Business Journal
- Article date:
- July 22, 1996
- Author:
CopyrightCOPYRIGHT 1996 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Completion of subway construction offers hope
Mid-Wilshire - Although second-quarter results for the Mid-Wilshire office submarket were abysmal, as they have been for years, that failed to dampen the enthusiasm of commercial brokers servicing the area.
"Now that construction for the Metro Red Line is for the most part complete, I think the worst is behind us," said Rick Buckley, senior associate for CB Commercial Real Estate Group Inc.
Buckley said the completion of subway construction removes a big deterrent to office tenancy and that some of the best values can be found in Mid-Wilshire.
Apparently, Duta Angadda Realty shares that sentiment. In ...