An aging downtown office complex will be converted into apartments as part of an ambitious plan by local real estate companies to create 4,000 affordable housing units in Los Angeles. The first... Read more »
Apartment occupancy in Los Angeles County has fallen to a level not seen in several years. In the first quarter, multifamily occupancy dropped to 93.9 percent, L.A. Business First reported, citing a... Read more »
Developers secure the go-ahead from the Los Angeles City Planning Commission for an apartment complex in Silver Lake despite local pushback. The commission gave the green light to a proposal from co-applicants... Read more »
Abraham Assil’s persistence is closer to paying off. His firm Westland Development Group’s Beverly Hills development site that spent more than a decade in the entitlement pipeline is moving into construction after... Read more »
The Crossing at Big Rivers, a 342-unit multifamily housing community, is being planned near Big Rivers Waterpark & Adventures in New Caney (shown). The $60 million development at 24101 Big Rivers Road will comprise... Read more »
Sentinel Real Estate has acquired The Perry, a luxury multifamily community located at 12430 Park Potomac Avenue in Potomac, Maryland, approximately 10 miles northwest of downtown Washington, D.C. Featuring modern construction, spacious... Read more »
Rockpoint, a Boston-based real estate private equity firm, has acquired Wilshire Margot, a 97-unit multifamily property located at 10599 Wilshire Blvd. in the Westwood neighborhood of Los Angeles. Although sale terms were... Read more »
As Los Angeles regulatory policies and increasing operating costs drive out mom-and-pop landlords, the city’s rental landscape is undergoing an ownership shift with implications for pricing and housing stock quality. “Demand to... Read more »
Anna Katherine Scanlon was having sushi in Marina Del Rey when she received an urgent text from her best friend. “Just saw another place that was awful.” Scanlon’s best friend, who was... Read more »
Two mixed-use apartment projects in Santa Monica can now move forward thanks to a fresh injection of funding for developer Cypress Equity Investments. Los Angeles-based Cypress secured a $170 million construction loan... Read more »