Hollywood is one of the most famous locations in the world. It is a cultural identity connected to movie studios and their stars and a historical center. Among its iconic symbols would include the Hollywood Sign, the Hollywood Bowl, the famous Capitol Records Building, the Roosevelt Hotel, and more recently the Kodak Center which is now home to the Oscars. With hundreds of millions of dollars being invested into large developments, Hollywood has gone under rapid revitalization and transformation. Hollywood once again has become one of LA’s most fashionable nightlife centers. Among the highly sought after homes that line the hillsides of the hills, developers have converted many of the older buildings into lofts and condominiums around Hollywood Boulevard’s walk of fame.