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 »
BXP said Tuesday that it has signed a 10-year, approximately 467,000-square-foot, multi-building lease extension with Snap Inc. at Santa Monica Business Park. Published reports last month cited anonymous sources who said the tech... Read more »
Nearly a year after defaulting on more than $100 million in loans tied to an office complex in Santa Monica, Realty Bancorp Equities has managed to sell the property — to an... Read more »
Snap wants a real estate haircut in Santa Monica, but can’t decide between a buzz or a trim. The locally based parent of Snapchat wants to cut its office expansion at Santa... Read more »
A Santa Monica house designed by Peter Choate, an architect popular with Hollywood glitterati in the mid-to late 20th century, has sold in an all cash deal for $22.5 million. The 9,300-square-foot... Read more »