Los Angeles Times: Downtown L.A. building boom stretching west of financial district

Seeking to capitalize on the real estate recovery, developers are looking for sites close to job centers and entertainment, while also factoring in price, said Richard Green, director of USC's Lusk Center for Real Estate.

"The land is a little less expensive as you get away from downtown," he said. "You can offer rents that are a little lower and justify the construction costs."