Robert Khodadadian – Commercial Observer

The Power L.A. list for 2022 reflects the points of resilience in the drastically changing landscape. It focuses heavily on the entertainment machine of Hollywood and on e-commerce investors who are finding unimaginable success. But it also highlights modern office developers signing new leases, the growth of tech and new media, and the road to a new Los Angeles.

It tells the story of the sprawling city that went through the toughest depths of a pandemic and came out on the other side on the same foundations it entered on.

But that’s not to say things aren’t changing: The list reflects that a very different era is on the horizon with Rick Caruso — the billionaire developer who gave us The Grove — is battling Congresswoman Karen Bass to be the next mayor. It also features people like Beny Alagem, who’s reshaping Beverly Hills; and Rock Vogel of Related Urban who finally saw The Grand open downtown after almost two decades. And Alexandria Real Estate, a national leader in life sciences lab space is on the Power L.A. list now and will probably end up becoming a staple.

But the mainstays that make up Los Angeles, and the established heavy hitters of Southern California, remain in power. Streaming companies are signing longer leases; industrial firms like Rexford and Prologis are reaching unthinkable numbers as ecommerce shows no signs of slowing; Michael Hackman continues to grow his soundstage empire; CIM Group is seemingly filing new plans for multifamily development every week; and Donald Bren keeps getting richer.

Los Angeles went through serious adversity, and faces more difficult challenges every day. But the city is ready for its Hollywood comeback all the same. That’s show biz, baby.

The Power L.A. list for 2022 reflects the points of resilience in the drastically changing landscape. It focuses heavily on the entertainment machine of Hollywood and on e-commerce investors who are finding unimaginable success. But it also highlights modern office developers signing new leases, the growth of tech and new media, and the road toRead MoreChannel, Los Angeles, Power LA 2022

Robert Khodadadian, skyline properties, ground leases

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