LA Authorizes Master Leases With Apartment Owners

LA Authorizes Master Leases With Apartment Owners

Los Angeles wants to become a landlord and sublease apartments to homeless residents. The City Council voted to launch a “master leasing” program to lease all or part of an apartment building,... Read more »
New American Funding Owners Buy Santa Ana Offices for M

New American Funding Owners Buy Santa Ana Offices for $31M

The owners of New American Funding bought a 208,300-square-foot office tower in Santa Ana for $31 million — or $23 million less than what it traded for five years ago. An unidentified... Read more »
Skechers Owners Create M Estate in Hermosa Beach

Skechers Owners Create $31M Estate in Hermosa Beach

The Greenberg family behind the Skechers shoe empire has stepped into a newly created compound in Hermosa Beach, valued at $31 million. An affiliate of the Manhattan Beach footwear brand founded by... Read more »
LA Apartment Owners Feel Rising Debt Distress

LA Apartment Owners Feel Rising Debt Distress

MacFarlane Partners’ Landon Taylor and GH Palmer Associates’ Geoff Palmer with 427 West 5th Street (MacFarlane Partners, Getty, Google Maps) UPDATED, Feb. 2, 2024, 12:13 p.m.: When MacFarlane Partners finished Park Fifth,... Read more »
LA Condo Owners Allege HOA Fraud at Tower Run by Barry Shy

LA Condo Owners Allege HOA Fraud at Tower Run by Barry Shy

While Barry Shy and his son Rommy have moved cash out of California and into Texas, the landlords are facing a new legal battle at home. A group of condo owners at... Read more »