Some are calling this sleeper deal the biggest real estate coup in Downtown Los Angeles in a decade.
"Such was the humble beginning just eight months ago of what is now being called the biggest Downtown real estate coup of the past decade. "'This deal is very very huge,' Jack Kyser, chief economist for the Los Angeles Economic Development Corporation, said about the $300 million, 20-year lease of 1 million square feet of new gift mart space Downtown which was announced August 3. 'I don't think people quite grasp the implications.'"
Thanks to Tom Collins
FULL STORY: Hot Commodity

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.

Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.

Ohio Forces Data Centers to Prepay for Power
Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.

MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.

Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
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