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L.A. Downtown Retail at "Tipping Point

LOS ANGELES-Downtown retail here has reached a tipping point and may soon become a major destination for shoppers on par with San Francisco and New York, claims a Brookfield Office Properties executive.

By Bruce Haring | Updated on May 31, 2013

LOS ANGELES-Downtown retail here has reached a tipping point and may soon become a major destination for shoppers on par with San Francisco and New York. At least that’s the claim of an executive with Brookfield Office Properties, which has laid a $40-million bet on the proposition.

Ed Hogan, the national director of retail leasing for Brookfield Office Properties, claims a key sign of downtown’s potential transformation into a shopping destination is the recent commitment of Zara, a contemporary fashion outlet for men, women and children.

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