AvalonBay and Abode Lack Funding for West LA Civic Center
Market conditions may impact funding for a proposed retail village development in West Los Angeles, raising concerns about project feasibility. [ more ]
Millennium Partners Scraps $1B Plan for Towers in Hollywood
Millennium Partners halted $1 billion project near Capitol Records Building due to active earthquake faults, ending plans for tallest towers in Hollywood. [ more ]
Afterpay Co-Founder Pays $65M for Holmby Hills Mansion
The co-founder of Afterpay, Nick Molnar, linked entity Lapro Property Trust bought the Funny Girl Estate in Holmby Hills at $65 million, the priciest residential sale in LA County in 2023. [ more ]
Madison Realty Eyes 24-Story Apartment Tower in Santa Monica
Madison Realty Capital plans to build a 24-story apartment building in Santa Monica with 264 units, including affordable housing, utilizing recent amendments to housing laws. [ more ]
Los temas mas polemicos hasta ahora en nuestra serie "Conozca a los candidatos" del Distrito 9
El impacto de la ciclovÃa en la calle Valencia y la prohibición de la venta ambulante en la calle Misión han sido temas controversiales en el Distrito 9. [ more ]
Clarion Partners Sells Playa Vista Apartments for $122M
Clarion Partners sold Playa Vista apartment complex for $122 million, $7.3 million less due to city tax, now owned by DivcoWest at $570,000 per unit. [ more ]
Grandview Partners to Sell Four LA Suite-Living Projects
Grandview Partners is selling a portfolio of suite-living apartment projects in Los Angeles, with developments in Mar Vista, Westchester, and East Hollywood. [ more ]
Brandywine Homes to Build 95 Infill Townhomes in Pico Rivera
Brandywine Homes is swapping a hotel for 95 townhomes in Pico Rivera, featuring diverse bedroom options and ample parking space, with a planned 32-month construction timeline. [ more ]
Pustilnikov Proposes Studio-Only Project in Beverly Hills
Leo Pustilnikov is using builder's remedy to push through a new 90-unit multifamily building in Beverly Hills, focusing on affordable housing units. [ more ]
Linc Housing Plans Mixed-Use Complex in L.A.'s Chinatown
Linc Housing plans to build a mixed-use complex in L.A.'s Chinatown neighborhood with affordable housing units in partnership with the California Endowment. [ more ]
Grubb Properties Borrows $20M to Build Apartments in LA
Grubb Properties has secured a $20 million loan to top storefronts in North Hollywood, Hollywood and Santa Monica with a combined 378 apartments The North Carolina-based developer led by Clay Grubb took out the loan from Beverly Hills-based Bolour Associates to revamp three retail sites into mixed-use buildings in Los Angeles and Santa Monica, the Commercial Observer reported.
Marcus & Millichap Multifamily Forum: Southern California 2024
The Marcus & Millichap Multifamily Forum: Southern California gathers multifamily investors, operators, developers to discuss investment, development, and management in apartment industries. Focus on rent control this year. [ more ]
Saudi Prince's Former Mansion in Beverly Park Seeks $90M
The 28,500-square-foot mansion in Beverly Park built by a Saudi prince is listed for $89.9 million by Paradigm Developers after a controversial renovation. [ more ]
Photos: Estate of Hollywood silent movie star Francis Lederer hits the market
The West Hills estate purchased by Hollywood star Francis Lederer in 1933 was the center of lavish parties featuring iconic Hollywood celebrities. [ more ]
Single-family residence sells for $3.8 million in Los Gatos
The property located in Los Gatos at 16471 Eugenia Way was sold for $3,768,000 on April 23, 2024, offering details on its features and sale price. [ more ]
Developer Proposes Five-Story Multifamily in Beverly Hills
Beverly Hills is seeing a shift towards permitting multifamily projects, including a proposed nine-unit building with a density bonus for very low-income housing. [ more ]
Decron Properties Buys Phoenix Multifamily After LA Sales
Decron Properties shifted investments from Los Angeles to Phoenix by selling assets in Thousand Oaks for a Phoenix property, using a 1031 exchange to defer capital gains taxes. [ more ]