DLBA Report Shows Real Estate Investment and More Younger, Wealthier Residents Driving DTLB Renaissance

An annual report released last week by Downtown Long Beach Associates (DLBA) recorded six million tourists for 2014, $2 billion investments in real estate transactions and a potential increase of $42 million in new retail spending within a one-mile-radius of DTLB between 2014 and 2015, numbers that indicate a “renaissance,” according to the DLBA personnel who conducted the study.

As Breakers Building Faces Possible Loss of Elder Care License, Plans to Lease to Rehab Facility Come to Light

The Breakers Building, which was designated as a historic landmark in 1989 and has served as long-term senior care facility since 1990, could be on the verge of phasing out that portion of its nearly 90-year history in favor of converting the site into a drug and alcohol rehabilitation facility. The action comes as the facility is currently facing a court battle that could end in the revocation of its license to be an elderly care center being stripped away.