A proposed mega-development in downtown Los Angeles, which would replace a cold storage facility with a $2-billion residential and commercial complex, cleared a major hurdle last week when the city Planning Commission... Read more »
Key Highlights Existing-home sales grew 1.3% in July to a seasonally adjusted annual rate of 3.95 million, stopping a four-month sales decline that began in March. However, sales slipped 2.5% from one... Read more »
The AIDS Healthcare Foundation has offered a top bid of $53 million to buy a portfolio of a dozen residential buildings on Skid Row. The Hollywood-based nonprofit, the world’s largest charity for... Read more »
Los Angeles is hemorrhaging millions of dollars to bail out the Skid Row Housing Trust — and may spend another $70 million to redevelop its oldest and most troubled buildings. The city... Read more »