The Story Behind the Acquisition of the Aon Center in DTLA with Adam Rubin and Adam Tischer

In this episode of Real Talk, I speak with Adam Rubin and Adam Tischer.

We discuss:

* Having the conviction of purchasing 1.2 million square feet of downtown office in today’s market

* Why they believe Downtown Los Angeles is one of the premier office markets in the country

* Turning office into a hospitality like experience thru amenities and white glove treatment

Adam Rubin, Principal at Carolwood, is responsible for Carolwood’s overall investment strategy and negotiates transactions from contract to closing. Adam handles all financing activities, capital raising and investor reporting on behalf of the firm. Furthermore, he is CEO of L&R Group of Companies, a Los Angeles based real estate & parking conglomerate. Read more about Mr. Rubin and Carolwood: https://www.carolwoodlp.com/aboutus

Adam K. Tischer, Senior Vice President at Colliers, joined the company in January 2011. He will serve as vice president based in Colliers’ DTLA office. He specializes in representing large corporate investment and developer clients in the Downtown Los Angeles market, and has completed commercial real estate transactions totaling approximately $100 million. Read more about Mr. Tischer and Colliers: https://www.colliers.com/en/experts/adam-tischer

Key moments: 00:31 – Intro 03:58 – The opportunity to purchase the Aon Center 05:55– Entering the office market and its challenges 09:17 – The Downtown LA office market 13:06 – The cyclical nature of the downtown market and its current upward trajectory 20:31 – Choosing office over residential conversion 23:27 – Amenitizing office with a hospitality style 30:11 – The barometer for success 32:49 – The draw to downtown 37:01 – Dealing with tenant downsizing 41:33 – Future goals

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In each episode of Real Talk: Real Estate Discussions, Andrew Kirsh interviews industry leaders to learn their real-time opinions on today's market, their background and unique career highlights, and guidance for newcomers to the industry.

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Andrew Kirsh is a founding partner of Sklar Kirsh LLP and is the Chair of the firm’s Real Estate Department. Sklar Kirsh LLP is a boutique law firm providing services in corporate law, real estate, entertainment, bankruptcy, and litigation.

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