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Los Angeles Apartments Are On Fire… Literally

By Ilene
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Courtesy of ZeroHedge. View original post here.

A massive downtown Los Angeles fire – engulfing numerous apartment buildings – has blocked the northbound 101 Freeway and looks set to make the usual disastrous traffic in LA even more unbearable today. As The LA Times reports, more than 250 firefighters battled the blaze at an apartment tower under construction in the 900 block of Fremont Avenue. The images are simply stunning…

Live Feed (via NBC):

Incredible…

As Reuters reports,

Two freeways were closed as firefighters battled a large blaze in downtown Los Angeles early Monday, the Los Angeles Fire Department said.

"It's a large building, about a block long. The whole building is a total loss. The fire did spread into two neighboring buildings," said David Ortiz, a spokesman for the fire department. "The fire was going across the freeway."

Ortiz said there were no reports of injuries or fatalities in the fire, which consumed an apartment building that was still under construction.

He said more than 250 firefighters fought the fire, which was reported after 1:20 a.m. PST, and which was under control by 4:30 a.m. PST.

The fire was under control but not extinguished, and freeways would be opened soon, Ortiz said.

The fire spread to two neighboring buildings, including an office building on North Figueroa Street, where several stories were damaged by fire and water.

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Stunning images…

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Perhaps – like Blackstone believes – the apartment market is going up in smoke…

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