It took until nearly the end of the year, but Santa Monica has a new market leader in 2025. A home at 2555 La Mesa Drive sold for just shy of $23... 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 »
Keystone Partners Jim Bush and Monica Yun were honored to present at PFAC’s OC Chapter event, delivering a compelling discussion titled “Navigating Capacity and Undue Influence Claims: Strategies for Trustees with Litigating... Read more »
Gortikov Capital said Monday it had acquired Samo Collection, an 11-building portfolio of 399 income- and rent- restricted affordable housing in Santa Monica for $120 million. The seller was not disclosed. The new... Read more »
Drawbridge Realty has acquired 2220 Colorado Ave., a 225,773-square-foot headquarters building in Santa Monica’s Silicon Beach neighborhood, for a reported $185 million. The building is 100% triple-net leased to Universal Music Group... Read more »
Holland Partner Group has pivoted from a stalled plan to build an office building in Santa Monica to 370 apartments. The Washington State-based developer led by Clyde Holland has filed plans to... Read more »
Pam O’Connor, the former mayor of Santa Monica, filed a proposal with the city on March 28 seeking to exclude multifamily properties from Measure GS, or the so-called mansion tax, according to... Read more »
Neil Shekhter has lost three more apartment properties, this time to foreclosure. Bank of Southern California foreclosed on 1007 Lincoln Boulevard, 1038 10th Street and 1516 Stanford Street, according to a trustee’s... Read more »
The City Council of Santa Monica voted to approve a series of renter protections on Feb. 13, including rules against dramatic rent increases, unjust evictions and harassment as well as financial assistance... Read more »
Santa Monica, subject of more than a dozen builder’s remedy housing applications, has won recognition as a “prohousing” city by the state. Gov. Gavin Newsom announced the beach city earned the designation... Read more »