Category: Lofts Downtown Los Angeles

REAL ESTATE NEWS

Los Angeles condominium home owners are fighting back against the Covid-19 virus by erecting barriers to social amenities. In order to prevent the potential spread of the pandemic pathogen, condo boards are placing restrictions on the community common areas. For example, one Los Angeles loft building closed its Community Room, Fitness Center, and Barbecue until further notice, disabling the access fob. Given the importance of these facilities to many residents, the community plans to open them back up as soon as possible. In the mean time, no common areas may be reserved for private events. Homeowners meetings have been postponed while they plan for teleconferencing of future meetings. #coronavirus #realestate #update | Blog Video

The CDC and other organizations have issued guidance regarding social distancing, avoiding groups more than 10 and other such information. By closing the gathering places, condominium community residents reduce the chances of spreading the virulent scourge, working towards the common goal of causing Covid-19 numbers to collapse before the virus can spread out of control.

Reader Questions:

Q: What’s happening with los angeles ocean plaza? A: Assuming you mean OceanWide Plaza, the Downtown Los Angeles megaproject condo/hotel/shopping construction site next to LA LIVE has been sitting in limbo for many months as the developer has run out of cash, and is attempting to find a buyer. After the Corona Crash, their prospects just got a bit dimmer as fewer seek to buy assets, while more must liquidate to raise urgently needed funds. MORE

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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker. #condo #lofts #losangeles