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Los Angeles developer times renovation of office tower with downtown's rebound

Uncommon Developers, Colliers revamp Figueroa at Wilshire as vacancy rates lower
Downtown LA is at a crossroads as employers recommit, residents return and developers bet on density ahead of the 2028 Olympics. (CoStar)
Downtown LA is at a crossroads as employers recommit, residents return and developers bet on density ahead of the 2028 Olympics. (CoStar)
CoStar News
December 26, 2025 | 6:48 P.M.

Ryan Hekman starts most mornings in the gym at Figueroa at Wilshire, the downtown Los Angeles skyscraper his firm bought during the summer at a bargain price.

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