Al Leibovic of Yaya Case LLC aims to replace a car repair shop in North Hollywood with a 100-unit apartment building, according to an application filed with the Los Angeles City Planning... Read more »
From Census: Building Permits: Privately‐owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,518,000. This is 1.9 percent above the revised January rate of... Read more »
Los Angeles apartment rents, which fell for four months at the end of last year, have rebounded. Average asking rents in Los Angeles rose 0.4 percent on a per-square-foot basis in February,... Read more »
Uncommon Developers has added an affordable apartment complex in Northridge to its growing list of multifamily projects across Los Angeles. The Chatsworth-based builder has filed plans to construct a 255-unit apartment building... Read more »
Greystone has provided $19,050,000 in bridge-to-agency financing for a 118-unit multifamily property in Bellflower. Intended to facilitate the refinancing and construction of additional units, the bridge loan was originated by Dale Holzer,... Read more »
JLL Capital Markets arranged a joint venture equity partnership for Allesandro Apartments, a to-be-built, 43-unit multifamily project in the Echo Park neighborhood of Los Angeles. The firm represented sponsor A.J. Khair Construction, Inc. to arrange... Read more »
Last week, Shashikant Jogani won a payout of $1.8 billion. He also scored a 50 percent stake in a 17,000-unit apartment portfolio, sprawled across Los Angeles’ San Fernando Valley, after a jury... Read more »
Neil Shekhter has lost three more apartment properties, this time to foreclosure. Bank of Southern California foreclosed on 1007 Lincoln Boulevard, 1038 10th Street and 1516 Stanford Street, according to a trustee’s... Read more »
Los Angeles wants to become a landlord and sublease apartments to homeless residents. The City Council voted to launch a “master leasing” program to lease all or part of an apartment building,... Read more »
Today, housing starts fell more than anticipated, but the more important story in today’s report is that even though the apartment boom is dead, single-family permits are rising. The U.S. housing apartment... Read more »