IPA-Brokered Sale Sets Record for Santa Barbara County

IPA-Brokered Sale Sets Record for Santa Barbara County

Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of La Vista Apartments, a 460-unit multifamily asset in Santa Maria, for $116 million or $252,174 per unit. According to... Read more »
IPA-Brokered Sale Sets Record for Santa Barbara County

LA County Pays $200M for the Gas Company Tower

 JLL Capital Markets completed the $200-million sale of The Gas Company Tower, a 1.3-million-square-foot office tower at 555 W. Fifth St. in Downtown Los Angeles. Los Angeles County emerged as the buyer for... Read more »
L.A. County to buy downtown skyscraper for new HQ despite a ‘hell no’ from Hahn

L.A. County to buy downtown skyscraper for new HQ despite a ‘hell no’ from Hahn

The Los Angeles County Board of Supervisors on Wednesday approved the county’s purchase of the Gas Company Tower, one of downtown L.A.’s most prominent skyscrapers, paving the way for the transfer of... Read more »
L.A. County to buy downtown skyscraper for new HQ despite a ‘hell no’ from Hahn

Los Angeles County agrees to buy downtown skyscraper

The county of Los Angeles has tentatively agreed to buy the Gas Company Tower, a prominent office skyscraper in downtown Los Angeles, for $215 million in a foreclosure sale. The price is... Read more »
LA County Expands Ratkovich Lease to More Than 325K SF

LA County Expands Ratkovich Lease to More Than 325K SF

Two longtime tenants at the Ratkovich Company’s The Alhambra have upsized their office spaces by more than 40,000 square feet in total. The County of Los Angeles has expanded by 22,682 square... Read more »
Commercial Property Sales in LA County Spiral Down 18%

Commercial Property Sales in LA County Spiral Down 18%

Commercial property sales across greater Los Angeles have hit the bottom of the bucket, with office and industrial sales falling through the hole. Commercial sales in Los Angeles County are down 18.4... Read more »
L.A. County settles PACE lawsuits; homeowners to get millions

L.A. County settles PACE lawsuits; homeowners to get millions

Los Angeles County has agreed to a $12-million settlement to resolve allegations that its home improvement lending program wrecked the finances of many borrowers and left them vulnerable to foreclosure. The settlement,... Read more »
L.A. County supervisors voted to limit Airbnb, Vrbo and other short-term rentals in unincorporated areas

L.A. County supervisors voted to limit Airbnb, Vrbo and other short-term rentals in unincorporated areas

Airbnbs and other short-term rentals in unincorporated areas will be restricted to hosts who are renting out their primary residence, under a proposal that gained preliminary approval from the Los Angeles County... Read more »
In Kern County, an abandoned church gets a second life as housing for former foster youths

In Kern County, an abandoned church gets a second life as housing for former foster youths

OILDALE, Calif. —  The church on Oildale Drive and Minner Avenue has stood on the corner since 1954, built after an earthquake damaged the Oildale Church of Christ’s building. Since then, the church... Read more »
“It seems impossible:” Bergen County, NJ’s housing market is vexing agents and buyers

“It seems impossible:” Bergen County, NJ’s housing market is vexing agents and buyers

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple... Read more »