TPG Sells Playa del Rey Multifamily Project to Kajima USA After Foreclosure

TPG Sells Playa del Rey Multifamily Project to Kajima USA After Foreclosure

TPG Real Estate Capital has unloaded a 2.3-acre multifamily development site in Playa del Rey, just a few months after foreclosing on the property. Kajima USA, the U.S. arm of Tokyo-based construction... Read more »
Court Denies Huge Builder’s Remedy Project in Redondo Beach

Court Denies Huge Builder’s Remedy Project in Redondo Beach

A Los Angeles court has denied Leo Pustilnikov’s application to build a 35-unit apartment project in Redondo Beach, following a tentative ruling a week ago. “The court rules in accordance with its... Read more »
Jordan Shalom Wants to Fast-Track Hollywood Hills Project

Jordan Shalom Wants to Fast-Track Hollywood Hills Project

A firm run by Jordan Shalom wants to build an 11-story affordable apartment building in the Hollywood Hills under a fast-track order by Mayor Karen Bass. The Beverly Crest-based LLC, 3450 Floyd,... Read more »
Mike Barry Adds Apartments to Hotel Project in Koreatown

Mike Barry Adds Apartments to Hotel Project in Koreatown

A Koreatown property owner has tweaked plans for a six-story hotel to include an extra floor and 20 apartments.  EWAI, an architecture firm based in Koreatown, has filed revised plans on behalf... Read more »
Decision on True Life Project in LA May Set CEQA Precedent

Decision on True Life Project in LA May Set CEQA Precedent

True Life Companies has beat back a legal challenge to a housing project in El Sereno, giving it the go-ahead to build 42 homes, and the court victory could limit future environmental... Read more »
Court Clarifies Builder’s Remedy With Redondo Beach Project

Court Clarifies Builder’s Remedy With Redondo Beach Project

UPDATED, Feb. 2, 2024, 5:02 p.m.: An L.A. court judge looked to deny developer Leo Pustilnikov’s application to build a 35-unit apartment project in Redondo Beach earlier this week, but offered clarification... Read more »
Calmwater Capital, BH Properties Funds San Gabriel Project

Calmwater Capital, BH Properties Funds San Gabriel Project

Calmwater Capital has provided a limited liability company called The One Investments DE with a $32.3 million loan, to help finish construction of an 81-unit project in San Gabriel, according to a... Read more »
Navy Selects Development Team for NAVWAR Project 

Navy Selects Development Team for NAVWAR Project 

Ending a year-long selection process, the U.S. Navy selected a development team led by San Diego-based Manchester Financial Group and McLean, VA-based Edgemoor Infrastructure and Real Estate, the San Diego Union-Tribune reported.... Read more »
Navy Selects Development Team for NAVWAR Project 

Crescent Planning Lake Norman Multifamily Project

Crescent Communities plans to break ground this month on a 237-unit apartment complex north of Charlotte, on the Lake Norman shorefront. The Charlotte Business Journal reports Crescent acquired just over 15 acres... Read more »
USC Appeals Apartment Project for Blocking LA Coliseum Sign

USC Appeals Apartment Project for Blocking LA Coliseum Sign

USC has mounted a Trojan defense against an approved five-story building it says would block the sign for the 100-year-old Memorial Coliseum. The university has appealed the City of Los Angeles’ OK... Read more »