L.A. King of Down-Market Offices Bets on Apartments

L.A. King of Down-Market Offices Bets on Apartments

Armando Arorizo/Bloomberg

Across Los Angeles County, office vacancies averaged 16.8 percent in the first quarter, up from 5.8 percent during the market’s most recent peak, in the first three months of 2008, according to brokerage CBRE Group Inc.