JMBM featured Robert (Bud) Ovrom, Los Angeles Deputy Mayor in charge of Housing and Economic Development. Mr. Ovrom coordinates the City’s economic development efforts and oversees the Departments of Planning, Housing, Community Development, Community Redevelopment, the Port of Los Angeles, Building and Safety, and the Housing Authority. In introducing Ovrom, Ben Reznik joked that when, […]
Smith Travel Research reports that there are 227 condo hotel projects in the development pipeline, representing more than 93,000 units— close to the average annual supply of traditional hotel rooms in a “normal” year. That is a boom! This meteoric rise in condo hotel development has caused some to wonder about the product’s long term […]