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Downtown's Brockman Suspends Leasing Program

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Well, at least this helps reduce the glut of downtown rentals. The Brockman, that 1921 Beaux Arts building at 530 W. Seventh that recently switched from condo to rentals, has suspended its leasing program, according to multiple sources. One person, who was trying to lease, emails: "I was VERY interested in this property and actually looked to purchase, so when I heard they were leasing I went straight over and applied for a unit. However, right before Christmas, the leasing agent called and said some paperwork fell through on the building. Apparently, the building wasn’t approved by Countrywide for rental because of a clerical error in the filing. I was really bummed and am now waiting before I move downtown. I was going to sign a 24 month lease with 2 months free and hopefully the option to purchase at the end. I told her to keep my application and let me know what happens but I have heard NOTHING since Dec. 15th." Another emailer writes: "I recently contacted The Brockman's leasing office and was told by "April Fissel" that the leasing program is on hold per the developer's instructions and they have no idea when it will open back up again. I dropped by the building today and the elevators don't even work to get you up to the leasing showroom anymore..." The woman who answered the phone at the developer's office (West Millennium) confirmed that the leasing program is on hold. We left a message with one of the developer's reps, but we can't confirm the Countrywide/paper filing claim.
· Market Blues: Downtown's Brockman Goes Rental [Curbed LA]

Brockman Lofts

530 W. Seventh St., Los Angeles, CA