Mid-Wilshire, Miracle Mile count on renovations. (Special Report: Quarterly Real Estate)

From: Los Angeles Business Journal | Date: April 26, 1993| Author: Howard, Bob | Copyright information

Quarter brings higher vacancies to both submarkets

A statement from real estate broker Mike DeSantis summed up a fact of commercial leasing life in the Mid-Wilshire and Miracle Mile submarkets during the first quarter.

"Every landlord has now come to the realization that it's difficult to replace a tenant, especially a credit tenant (one who is financially solid)," said DeSantis, associate director at Cushman & Wakefield of California Inc., the exclusive leasing age...

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