Dina represented the developers of South Park, a multi-phase, mixed-used community in downtown Los Angeles. Civic and business leaders regard South Park as the vanguard of 21st-Century development in downtown Los Angeles. Currently home to the Los Angeles Convention Center and Crypto.com Arena (formerly the Staples Center), South Park became the catalyst for an integrated neighborhood comprised of 1.5 million square feet of residential, commercial, and parking space and more than 1,500 new condominium residences. Dina assisted the developers with the land acquisition, entity formation, equity and debt financing (for land acquisition and construction), construction contracts, condominium issues, and risk management for each of South Park’s three initial residential projects, Elleven, Luma and Evo. When built, Elleven marked the first ground-up residential project in downtown Los Angeles in more than 20 years.

Acquisition issues included understanding the intricacies of the Los Angeles Sports and Entertainment District (LASED), affordable housing requirements, and the California condominium process. Evo’s structured finance package involved institutional equity, equity from high-net worth individuals, and mezzanine and senior debt approaching $300 million. Following Elleven’s groundbreaking in fall 2004, the developers watched as over eighty percent of the units were reserved in less than 14 hours, representing $80 million in sales.