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 »
Greystar Real Estate Partners and the Resmark Companies have scored a $95 million loan to build more than 250 apartments and more than 60 townhomes in Santa Clarita. The South Carolina-based developer... Read more »
Kennedy Wilson’s debt platform provided a $95-million senior construction loan to a joint venture between Greystar Real Estate Partners and The Resmark Cos. The funds will go toward development of a multifamily... Read more »
In the hierarchy of commercial real estate, office space has long been king. Developers and landlords lived by the conventional wisdom that there was no better use for your square footage than... 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 Prado apartment complex in Santa Clara has sold for $125 million, reported the Mercury News. Alliance Residential acquired the 251-unit property from San Ramon-based Summerhill Homes Apartment Communities, which developed the... Read more »
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 »
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 »