Wal-Mart to Put Grocery in Downtown L.A.
February 27, 2012
By: Jacquelyn Ryan

Wal-Mart Stores Inc. has signed a lease to open its first grocery in Los Angeles County and its first store of any kind downtown. ...

... Bill Bauman, executive vice president of New York-based brokerage Studley Inc., said downtown's growing population coupled with the scarcity of national retailers and full-service grocers is attracting national retailers and creating a domino effect. ...

... "Downtown is becoming a little more of an acceptable retail hub," Bauman said. "With every success and ever retailer that plants a flagdown here, it will encourage their competition or other retailers tofollow suit." ...

Link to article