Most expensive downtown condo in 2012: $4 million

There were 354 sales of lofts and condos in greater Downtown LA's top 30 buildings last year, says a new tabulation from the Loftway Report, per Curbed LA. The top price was $4 million, the lowest $120,000. The report doesn't identify where those specific units were, but the highest value per square foot was in the Ritz-Carlton Residences high above LA Live (between the 27th and 52nd floors.) The lowest price per square foot was in the Little Tokyo Lofts. The average price for a normal sale was about $600,000, or half of that for units moved on a short sale. The Eastern Columbia Lofts at 9th and Broadway had the most most short sales — 10.

Aside from the sales, there were 199 units leased during the year at an average price of $1.99 per square foot. The report includes the 1100 Wilshire Building and probably some others that are west of the Harbor Freeway.

More by Kevin Roderick:
Gustavo Arellano, many others join LA Times staff
Power out Monday across Malibu
Put Jamal Khashoggi Square outside the Saudi consulate on Sawtelle
Here's who the LA Times has newly hired*
LA Observed Notes: Clippers hire big-time writer, unfunny Emmys, editor memo at the Times and more
Recent Downtown stories on LA Observed:
Angeleno Wine Company
Soon-Shiong moving LA Times home to El Segundo
March For Our Lives in DTLA
Music Center Plaza
Caravan Books closed
Caravan Book Store closing
Swing shift
Tronc Tower? LA Times may move to downtown skyscraper*


LA Observed on Twitter