LA is one of the trickiest cities for institutional investors to understand. Here’s why

Eichler said. “The market dynamics in Downtown L.A. and Santa Monica, only 10 miles apart, are just as disparate as those fundamentals between Downtown L.A. and Seattle and New York.” L.A.’s idiosyncrasies give locally based firms an edge over national firms, and the latter often partner with local outfits to tap into that market knowledge.