CBRE Completes Receivership Sale of Santa Monica Apartments

CBRE Completes Receivership Sale of Santa Monica Apartments

CBRE arranged the sale of 901 Ocean Ave., a 28‑unit coastal multifamily investment property located along Santa Monica’s Ocean Avenue corridor. The property sold for $23.46 million to a private local investor, with the... Read more »
Kennedy Wilson Plans Santa Monica Apartment Project

Kennedy Wilson Plans Santa Monica Apartment Project

Kennedy Wilson is looking to add much-needed housing to Santa Monica’s multifamily inventory.  The Beverly Hills-based firm filed an application with the City of Santa Monica’s Community Development Department to build an... Read more »
Largely Vacant Santa Monica Offices Get New Life as School Campus

Largely Vacant Santa Monica Offices Get New Life as School Campus

Colliers arranged the all-cash sale of Ocean Park Plaza, a two-story, 100,700-square-foot office and medical building at 2701 Ocean Park Blvd. in Santa Monica. The buyer, an undisclosed co-educational school, plans to... Read more »
Jim Bush and Monica Yun Present at the 31st Annual PFAC Conference

Jim Bush and Monica Yun Present at the 31st Annual PFAC Conference

Keystone Partners Jim Bush and Monica Yun, alongside Trevor Murphy, Orange County President of the Professional Fiduciary Association of California (PFAC), recently presented at the 31st Annual Educational Conference hosted by PFAC. The session brought together... Read more »
Santa Monica Apartment Projects Proceed With Funding

Santa Monica Apartment Projects Proceed With Funding

Two mixed-use apartment projects in Santa Monica can now move forward thanks to a fresh injection of funding for developer Cypress Equity Investments.  Los Angeles-based Cypress secured a $170 million construction loan... Read more »
Redcar Hands Back Keys to Santa Monica Offices

Redcar Hands Back Keys to Santa Monica Offices

Redcar Properties handed back the keys to creative offices located in Santa Monica to its lender, Bank OZK, according to a deed in lieu of foreclosure dated late March. The unpaid debt... Read more »
Empty Lot in Santa Monica Proposed for Nine Townhomes

Empty Lot in Santa Monica Proposed for Nine Townhomes

An empty residential lot in Santa Monica is poised for redevelopment into nine townhomes.  An application filed with the City of Santa Monica calls for the construction of these townhomes at 1949... Read more »
Tishman Speyer Updates Housing Plans in Santa Monica

Tishman Speyer Updates Housing Plans in Santa Monica

Tishman Speyer’s plans for two development sites in downtown Santa Monica have undergone a makeover.  The New York City-based firm has revealed revised proposals for property at 1323 and 1338 Fifth Street... Read more »
Santa Monica Apartments Hit Market

Santa Monica Apartments Hit Market

An apartment building on Ocean Avenue in Santa Monica is newly on the market but it isn’t your typical listing.  It’s on behalf of a court-ordered receiver, according to CBRE marketing materials.... Read more »
Santa Monica Estate Drops Price by 20 Percent

Santa Monica Estate Drops Price by 20 Percent

The most expensive home currently for sale in Santa Monica just took a sizable haircut.  The trophy estate overlooking Riviera Country Club, initially listed last summer for $110 million, is now asking... Read more »