Linc Housing wants to tear down its Long Beach headquarters to build more than 100 affordable apartments. The nonprofit affordable housing developer filed plans to raze its office hub and replace it... Read more »
An abandoned gas station in downtown Long Beach is poised to give way to multifamily housing. New Century Development filed an application with the City of Long Beach to demolish the vacant... Read more »
Elk Development owes about $60 million on Hollywood apartments, according to two notices of default dated early June. Acres Capital loaned Elk around $41 million via a construction note five years ago.... Read more »
A signature homelessness initiative championed by Mayor Karen Bass is facing mounting scrutiny after hundreds of taxpayer-funded apartments meant for homeless residents sat empty while public agencies continued paying rent. At the... Read more »
Rockpoint is adding a nearly 100-unit apartment community in Westwood to its nationwide multifamily portfolio. The Boston-based private equity firm acquired Wilshire Margot, a 97-unit mid-rise property at 10599 Wilshire Boulevard, from... Read more »
Marcus & Millichap closed the sale of The Versailles Apartments, a five-story, 78-unit multifamily asset at 8811 Burton Way in Los Angeles. The property sold for $47 million, or $602,564 per unit. Tony Azzi... Read more »
Developers push infill housing projects in Pasadena which are moving forward following analysis by the Pasadena Design Commission. On Tuesday, the commission reviewed calls for multifamily construction at 1034 Locust Street and... Read more »
A property owner in Canoga Park is looking to nearly double the number of units proposed for a commercial development off Sherman Way. Matt Towfighian of Warner Mega Properties submitted a revised... Read more »
Advanced Real Estate has acquired the 126-unit Casa La Paz apartment community in Rowland Heights. The property has been rebranded as The Rowland and will undergo a comprehensive renovation program including exterior... Read more »
A mixed-use apartment complex is slated to rise on a Pico-Robertson development site that traded hands less than a year ago and marked one of the most expensive lot sales in the... Read more »