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Month: April 2024

Amazon.com leases two 1M sf warehouses in the Inland Empire

Amazon.com has inked deals for two distribution warehouses of 1 million square feet each in the Inland Empire, where vacancy has ticked up in the top industrial market in the nation. The Seattle-based e-commerce giant last quarter ...

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  • 16 Apr
  • The Real Deal
  • Uncategorized
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HED: Supreme Court rules builders can challenge California impact fees

The U.S. Supreme Court has ruled that California developers and home builders may challenge impact fees imposed by cities and counties for roads, bridges and more. The justices said the fees may be unconstitutional if builders and ...

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  • 15 Apr
  • The Real Deal
  • Uncategorized
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Jamison clears hurdle for 23-story apartment towers in LA’s Koreatown

Jamison Services has moved ahead with plans to build two 23-story apartment buildings in Koreatown. The Koreatown-based developer led by Jaime Lee won approval from the Los Angeles Planning Commission to construct the dual highrises ...

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  • 15 Apr
  • The Real Deal
  • Uncategorized
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Norwalk hatches plan to revamp downtown with 3,000 homes

Norwalk wants to create a bustling downtown, with thousands of new homes, shops, restaurants and more. The Gateway City has hatched a Heart of Norwalk plan to revamp its historic downtown through new zoning to spur the construction of ...

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  • 15 Apr
  • The Real Deal
  • Uncategorized
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Growing inventory fuels Southern California home and condo sales

Sales of single-family homes and condo units have risen each month since the start of the year in Orange County and San Diego, catching up with the Los Angeles County trend that kicked off last November, according to a new Douglas ...

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  • 15 Apr
  • The Real Deal
  • Uncategorized
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Decron sells Ventura County multifamily to AEW for $133M

Decron Properties has sold an apartment complex in the Ventura County city of Moorpark for $133 million, as it continues offloading some of its Greater Los Angeles assets.  AEW Capital Management bought the 376-unit complex, named ...

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  • 13 Apr
  • The Real Deal
  • Uncategorized
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Cash buyers ratchet up SoCal house prices to record highs

Forget sky-high mortgage rates — Southern California buyers flush with cash have pushed home prices to an all-time record. The price for a typical home across the six-county region in March was $869,082, a 9 percent increase from a ...

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  • 13 Apr
  • The Real Deal
  • Uncategorized
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HOA at Ocean Towers in Santa Monica stole $5.7M, prosecutors say

Views from the 19-story twin Ocean Towers above the beach in Santa Monica are stellar. But a look into management at the 317-unit luxury co-op is as dark as a Hollywood film noir. A decade-long saga of alleged fraud and manipulation ...

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  • 12 Apr
  • The Real Deal
  • Uncategorized
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Family-run Aflalo Equities plans 350 apartments, retail in Beverly Hills

Aflalo Equities, a family-owned property management and development firm, is planning to develop four Beverly Hills properties into multifamily and retail, according to planning documents filed with the city.  The firm is planning an ...

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  • 12 Apr
  • The Real Deal
  • Uncategorized
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California banks hold the spotlight for outsized property debt

Last year, California was at the center of regional bank turmoil. Now it’s at the front of financial industry exposure to troubled commercial real estate. Nearly a third of the state’s 127 registered banks have property debt above 300 ...

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  • 12 Apr
  • The Real Deal
  • Uncategorized
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