In the latest sign of Los Angeles County’s office market’s slow post-pandemic recovery amid high vacancy and distress, a loan tied to a Blackstone property in Burbank has been transferred to special... Read more »
As of January 22, 2026, the average 30-year fixed mortgage rate has dipped slightly to 5.99%, according to Zillow data. While this offers a breath of fresh air for potential homebuyers, it’s... Read more »
As of January 18, 2026, a sense of relief is washing over the housing market thanks to a noticeable dip in mortgage rates. My take? The average rate on a 30-year fixed... Read more »
As of January 12, 2026, mortgage rates, according to Zillow, have seen a gentle dip. The most popular choice, the 30-year fixed-rate mortgage, now sits around 5.91%, a slight decrease from the... Read more »
Alexander’s, Inc. has restructured the $300-million mortgage loan on the retail condominium of 731 Lexington Ave. in Midtown Manhattan. Under the terms of the restructuring, the existing loan was split into a $132.5-million senior A-Note accruing current interest at... Read more »
Its growth has been driven by well-known industry veterans. TLS’s strategy is rooted in the prior experience of its leadership team — including CEO Phil Shoemaker, president Jason Lee and chief revenue... Read more »
Pacific Investment Management Company and the Witkoff firm have defaulted on a loan of more than $400 million tied to a luxury apartment complex in Santa Monica. The delinquent loan is connected... Read more »
JLL Capital Markets secured an acquisition and repositioning loan for Grand Prix Auto Club, a garage condo redevelopment project in San Diego. Located at 8108 Mercury Ct. in San Diego, Grand Prix Auto Club will transform an... Read more »
A Los Angeles County housing project is moving closer to groundbreaking after its developer landed an eight-figure construction loan. Azusa-based developer The Connected Companies secured $26 million in construction financing for Prospect... Read more »
It’s a common frustration: you hear on the news that the Federal Reserve has cut interest rates, and you’re hopeful your loan payment might finally get a little cheaper. But then, when... Read more »