This year, several thousand new apartment units will deliver into the Downtown Los Angeles market—but the strong demand is expected to offset the new supply. CIRCA, a $500 million 648-unit apartment complex hailed as “ultra-luxury,” will deliver in September, but developer Hankey Investment Co. isn’t concerned about the supply, both because of the strong demand and the quality of the product. Hankey opened the leasing office this month for CIRCA and has already received strong demand. We sat down with Scott Dobbins, president of Hankey Investment Co., to talk about the project and the luxury demand in Downtown Los Angeles.