King of Down-Market Offices Bets on Rentals: Real Estate

Los Angeles’s largest private office
landlord, a former alloy with a portfolio of buildings that
have seen improved days, is branch his concentration to apartments as the
city’s direct for rentals surges.

David Lee, a owner and boss of Jamison Services
, has $3.5 billion of mostly 20-to-30-year-old properties
with minimalist lobbies, mid-tier sell on a bottom floors
and mostly small or no landscaping. He is converting 5 of his
about 60 Los Angeles bureau buildings, many located in the
Koreatown neighborhood, to multifamily and is seeking more
opportunities, including ground-up development, to capitalize

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Tuesday, June 18th, 2013 Los Angeles Dentists

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