Playa office projects turn the Marina tide.
Los Angeles Business Journal › April 23, 2007
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Summary
REAL ESTATE QUARTERLY: THE BAYSIDE BOOM
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Extract
Playa office projects turn the Marina tide.
A "For Sale" sign hangs in front of a former residence on Beach Avenue in Marina del Rey that speaks volumes about the changing area.
The sign lists the usual information--contacts and such--but it also indicates that the property is zoned for commercial use. And it's not the only residential property to feature such a sign in the area near Redwood Avenue. So called live/work units--where people live in the same space as their small business--are being built next to creative office space. And those little spaces are playing off the big, billion-dollar projects that are also going up in that area. Indeed, Marina del Rey, Playa Vista and the surrounding environs are experiencing an office boom. Part of the...See the full content of this document
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