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Downtown L.A. Gets Healthy Residential Forecast

LOS ANGELES—In an EXCLUSIVE interview with CBRE SVP, Brad McCarthy, GlobeSt.com learns that the downtown L.A. residential market and population continues to be underserved with an extremely low level of existing apartment units. Development on the horizon?

By Natalie Dolce | Updated on March 19, 2015

LOS ANGELES—Brad McCarthy, CBRE senior vice president, is a leading mixed-use and multifamily broker and top producer in the downtown Los Angeles market. In 2014 alone, he completed more than $370 million in transactions. Two notable transactions of the year for McCarthy include the 1.65-million-square-foot sale of Metropolis as well as the sale of 540 N. Central Ave. in downtown Glendale for $40 million. We chatted with McCarthy on the residential market downtown, and what trends we can expect for the market in 2015. 

GlobeSt.com: What do you think about the residential market? How did it end in 2014? Are you seeing these trends continue in 2015?

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