LA court ruling signals tilt in favor of developer Cedar Street Partners Alexander Hack at Cedar Street Partners, Gov. Gavin Newsom and 600 Foothill Boulevard (LinkedIn, Getty, Google Maps) Builder’s remedy is... Read more »
A Los Angeles court has denied Leo Pustilnikov’s application to build a 35-unit apartment project in Redondo Beach, following a tentative ruling a week ago. “The court rules in accordance with its... Read more »
UPDATED, Feb. 2, 2024, 5:02 p.m.: An L.A. court judge looked to deny developer Leo Pustilnikov’s application to build a 35-unit apartment project in Redondo Beach earlier this week, but offered clarification... Read more »
Beverly Hills, an epicenter for state builder’s remedy projects, now faces the biggest of them all: a plan by Crescent Heights to build a 20-story residential tower looking down on the affluent... Read more »
The City of Beverly Hills is still vulnerable to builder’s remedy, after the state deemed its plan to build more housing over the next eight years was inadequate. The state’s Department of... Read more »
Clockwose from left: Mayor Richard Gunter III, Governor Gavin Newsom, Cedar Street Partners Alexandra Hack, Rand Paster Nelson’s Dave Rand and Leo Pustilnikov (LinkedIn, Getty, Illustration by Kevin Rebong for The Real... Read more »
UPDATED DEC. 12 at 10:30 a.m.: Soundview Investment Partners has employed the builder’s remedy to seek approval for a 17-story apartment highrise in Beverly Hills. The locally based developer led by Max... Read more »
While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns, a... Read more »
While existing homebuyers have been battling high mortgage rates for months — which are now at 8% — the builders are wooing buyers with lower rates and incentives. Today, the new home... Read more »