[mhays]

Downtown LA will be really good in 10 years, and maybe a lot sooner. It's already pretty good. The current wave will cause the next wave, or a continuation of the current one. As transit keeps improving hopefully they can do less parking, which is necessary to get truly dense projects. There's not a ton more room to grow in the middle, so maybe it'll be more about continued outward expansion of the greater downtown area, toward Staples, the Fashion District, etc.

As for Seattle, the Chinese and Vancouver-based developers (Chinese descent and otherwise) have been streaming in with proposals and land deals in the last couple years especially. They'll represent a much larger percentage of our volume in a year or two vs. today. DTLA might have been fertile ground sooner in part due to not having as much interest from local developers a few years ago.