Chinatrust Bank to move U.S. headquarters to downtown L.A. Chinatrust Bank has agreed to move its U.S. headquarters to downtown Los Angeles from Torrance. "We wanted to be in a major financial area," said Brian Gregson, head of U.S. retail banking at Chinatrust. Chinatrust, which is based in Taiwan, has 12 branches in the United States, including seven in Southern California. Terms of the lease with landlord Mani Bros. Real Estate Group were not disclosed, but data provider CoStar said the agreement is for 10 years. Chinatrust's decision to move to downtown L.A. is part of a recent trend for businesses to relocate their main offices to the financial center, reversing the exodus of previous decades, real estate broker Ted Simpson of Cushman & Wakefield said. Apartments going up in N. Hollywood Apartment complexes planned before the demise of redevelopment agencies in California continue to rise in North Hollywood. The projects in the NoHo Arts District near the northern terminus of the Red Line subway include the recently completed NoHo Senior Villas for elderly low-income tenants. A larger, $50-million market-rate complex is under construction nearby and has reached its top height of six stories. Phoenix developer Alliance Residential Co. is building the 308-unit market-rate complex called the Ferrara at 5031 Fair Ave. It is intended to be resort-like with outdoor dining facilities and bars, pools, cabanas and an outdoor movie venue. "Our goal is to create a luxurious urban getaway for the residents," said Jonas Bronk of Alliance. The Ferrara is slated for completion late next year. NoHo Senior Villas, at 5525 Klump Ave., has 49 units and was built by Clifford Beers Housing and PATH Ventures for $16 million. Most of the units are reserved for seniors who were homeless and are living with a mental illness. The five-story complex has on-site facilities for mental health and social service personnel. Both projects were designed by Killefer Flammang Architects of Santa Monica. Also recently completed in North Hollywood was the $32-million NoHo Senior Arts Colony. It is intended for residents age 62 and over with interests in such pursuits as singing, acting, photography and writing. The two senior housing projects are in the former North Hollywood Redevelopment Project Area, which offered tax breaks to developers. State officials dissolved local redevelopment agencies this year to save money.