Originally published in Bisnow, Karen Jordan

November 21, 2016

Link to Original Article

Conditions are starting to change in the banking industry, according to Banc of California CEO Steve Sugarman.

While banks have re-entered the commercial real estate market and been very aggressive with it for some period of time, especially multifamily, balance sheets have hit concentration limits, Steve said when he spoke at last week's Bisnow Future of SoCal event at the Millennium Biltmore Hotel in DTLA. 

"They’ve kind of maxed out," and regulators are starting to take notice, he said.

Steve also talked about the partnership the Banc of California has formed with the LA Football Club. The bank is the naming partner to the new 22,000-seat soccer stadium the club is building at the Exposition Center.

It is being billed as the first open-air stadium to be built in LA since the construction of Dodger Stadium more than 50 years ago.

Around $300M of private equity capital is being funneled into the project.

Steve also spoke about the revitalization that is taking place in other parts of DTLA, including USC's City Center, the expansion of the Metro Line and investments in local museums.