J+R Group Proposes Office-to-Home Conversion in Irvine

J+R Group Proposes Office-to-Home Conversion in Irvine

J+R Group wants to convert an eight-story office building in Irvine into 76 homes. The locally based developer led by Morgan Zhang has filed plans to turn part of the 178,000-square-foot office... Read more »
Urban Stearns, Forbix Get M Loan for San Pedro Conversion

Urban Stearns, Forbix Get $18M Loan for San Pedro Conversion

Urban Stearns and Forbix have secured a $17.5 million loan to begin converting a 12-story office building in San Pedro into more than 200 homes. The Culver City- and Calabasas-based investors secured... Read more »
San Pedro Office-to-Resi Conversion Secures Bridge Loan

San Pedro Office-to-Resi Conversion Secures Bridge Loan

BH3 Management and F2 Capital have provided a $17.5-million bridge loan for Forbix and Urban Stearns’ conversion of Topaz Tower, a 12-story, 294,000 square-foot office building located in San Pedro. The developers have received entitlements... Read more »
RMF estate, now ‘out of money,’ seeks conversion to Chapter 7 bankruptcy

RMF estate, now ‘out of money,’ seeks conversion to Chapter 7 bankruptcy

The bankruptcy plan administrator for Reverse Mortgage Investment Trust (RMIT), the parent company of former industry lender Reverse Mortgage Funding (RMF), has filed a court petition to convert from Chapter 11 bankruptcy... Read more »
Bolour Eyes Housing Conversion of Hollywood Landmark

Bolour Eyes Housing Conversion of Hollywood Landmark

Bolour Associates wants to turn the top floor of a century-old commercial landmark in Hollywood into live-work flats. The Beverly Hills-based developer has filed plans to convert the second floor of the... Read more »