LABJ Talks Joe's Parking
DOWNTOWN LOS ANGELES — The LA Business Journal's current issue takes a look at Downtown parking. The article, "Parking Lot Titan Prepares to Build Up," focuses on Joe Lumer, of Joe's Parking.
Between the two operations, Lumer estimates the companies have about 10,000 parking spaces, which would give him control of roughly 10 percent of all downtown’s parking spots – both public and private.
“I would say we own considerable land,” Lumer said. “My family has been in the parking business since the early 1950s.”
The article talks about how Lumar is selling off some of his companies' surface lots, while they prepare to convert others into parking structures.
Quote of the day, though:
“The concept of neighborhood garages is what we have to be looking at,” [Lumar] said. “It’s much more efficient and it makes more sense but people will have to park in one place and walk to their apartment or condo. And for L.A., that may take some getting used to.”
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