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Real Estate Appraisers and Appraisals In
Los Angeles County, City of Hollywood
| Due to its fame and
cultural identity as the historical center of movie studios and stars, the word
"Hollywood" is often used as a metonym for the American film and
television industry. Today much of the movie industry has dispersed into
surrounding areas such as Burbank and the Westside, but significant ancillary
industries (such as editing, effects, props, post-production, and lighting
companies) remain in Hollywood. Many historic Hollywood theaters are used as
venues to premiere major theatrical releases, and host the Academy Awards. It
is a popular destination for nightlife and tourism, and home to the Walk of
Fame. Appraisers have found that after many years of serious decline, Hollywood
is now undergoing rapid gentrification and revitalization with the goal of
urban density in mind. Many new developments have been completed, and many more
are planned, and several are centered on Hollywood Boulevard itself. In
particular, the Hollywood & Highland complex, which is also the site of the
Kodak Theater, has been a major catalyst for the redevelopment of the area. In
addition, numerous trendy bars, clubs, and retail businesses have opened on or
surrounding the boulevard, allowing it to become one of the main nighttime
spots in all of Los Angeles. Many older buildings have also been converted to
lofts and condos, and a W Hotel is planned at the intersection of Hollywood and
Vine, which will serve to further revitalize the area. |
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