Ariel Property Advisors closed the sale of 425 Devoe Ave., a vacant multi-story industrial property in the West Farms neighborhood of The Bronx, for $10,750,000. The property spans 60,000 square feet above grade,... Read more »
Colliers arranged the all-cash sale of Ocean Park Plaza, a two-story, 100,700-square-foot office and medical building at 2701 Ocean Park Blvd. in Santa Monica. The buyer, an undisclosed co-educational school, plans to... Read more »
Local governments in Southern California made several moves carrying implications for real estate investors over the past week. In Los Angeles County, the Board of Supervisors is drafting the Community Opportunity to... Read more »
A local developer wants to squeeze 20 homes and granny flats into a vacant lot in Reseda. Leo Polosadjian filed plans to subdivide the two-thirds-acre rectangular property into five lots to build... Read more »
A signature homelessness initiative championed by Mayor Karen Bass is facing mounting scrutiny after hundreds of taxpayer-funded apartments meant for homeless residents sat empty while public agencies continued paying rent. At the... Read more »
In a normal market, an empty home is a wasting asset: Equity sits trapped, no rent comes in, and the owner keeps paying property taxes, insurance, maintenance, utilities, and fees. But the... Read more »
Avatar Financial Group LLC has provided a $16.1-million bridge loan secured by The Yukon, a three-building industrial campus totaling 52,074 square feet and located at 13100-13130 Yukon Ave. in Hawthorne. The two-year loan... Read more »
To see our latest updates on the Nancy Guthrie case, please click here. FBI agents who are investigating Nancy Guthrie‘s disappearance are reportedly looking into a vacant property in her Arizona neighborhood—as the... Read more »
As much of downtown L.A. continues to feel dark and deserted, local businesses want the city to steal San Francisco’s secret for firing up foot traffic. The tech mecca has slowly begun... Read more »
Matthews Real Estate Investment Services represented the seller in the $10,695,000 disposition of 14011 S. Normandie Ave., a vacant industrial property located in Gardena. The sale set a record for size and... Read more »