Caught Ken Brown, real estate writer for the Wall Street Journal, on CNBC this morning talking about the real estate market of downtown Los Angeles. In particular, the segment focused on the question of whether downtown LA will become a vibrant residential community.

Mr. Brown noted that $10 billion worth of projects will be developed through 2010. Anchored by the Staples Center and the new Disney Concert Hall, the developments will include more than 20 condo towers, one of which will also offer a new Ralph's grocery store - the first grocery store in downtown LA in 50 years.

Only time will tell, Mr. Brown noted, whether downtown LA will become a popular place for residential living. Why wouldn't it? There are lots of jobs downtown and Los Angeles traffic is only increasing. With excellent job access, subway access, and lots of entertainment and new retail offerings, downtown residential growth is inevitable.