Related California and the Weingart Center Association are moving toward finishing 700 units of supportive affordable housing in downtown Los Angeles. The Irvine-based developer and L.A.-based nonprofit are constructing a 12-story highrise... Read more »
As housing costs rise and living space shrinks, many renters are getting creative about how—and where—they live and work. Storage units, once just a place for overflow, are becoming a more versatile... Read more »
Two one-story apartment buildings in Mar Vista could give way to an affordable housing complex. HVN Development filed an application with the Los Angeles Department of City Planning to clear the two... Read more »
The City of Santa Monica is pursuing legal action against a group of local landlords. In a new lawsuit filed in Los Angeles County Superior Court, city attorneys claim the Enayati family... Read more »
From NAR: “Existing-home sales increased for the third straight month due to lower mortgage rates this autumn,” said NAR Chief Economist Lawrence Yun. “However, inventory growth is beginning to stall.” My central theme... Read more »
Florida-based BH3 Management has acquired a 68-unit residential property in Malibu’s coastal enclave of Point Dume. The purchase price was more than $70 million; it was financed through a $75-million loan from Maxim Capital. Located at... Read more »
Blackstone is gaining 8,300 apartments across California with its $10 billion acquisition of AIR Communities. On Monday, Blackstone announced it was buying AIR Communities, also known as Apartment Income REIT, for $10... Read more »
Douglas Elliman has been tapped to market for lease the Fairmont Residences at the Reuben Brothers’ Century Plaza development in Century City. The 56 hotel-branded apartments will only be available for lease,... Read more »
Housing Diversity has secured a $34.9 million loan for a nearly completed, 227-unit “micro apartment” complex in Downtown Los Angeles. The Seattle-based developer landed the loan to complete the eight-story Liv DTLA... Read more »
Core Spaces has announced the continued growth of Oxenfree, the company’s Build-to-Rent (BTR) brand. Chicago-based Core has a portfolio of nearly 4,000 homes under development and in its pipeline across major markets... Read more »