Madison Realty Capital wants to build a 24-story apartment building in Santa Monica on an approved site once filed as a builder’s remedy project. The New York-based private equity firm pitched a plan in a meeting with local residents ...
Jamison Properties may be preparing to default on an $87.5 million loan tied to a 34-story office tower in Koreatown. The Koreatown-based investor had the commercial mortgage-backed securities sent to special servicing because of an ...
Commercial real estate brokerages from coast to coast are cutting costs through layoffs and efficiency measures. As higher interest rates lower the number of transactions and eat into profits, North America’s largest brokerages have ...
Monarch Alternative Capital has taken over ownership of the limited liability company that controls the Pendry West Hollywood, a $500 million condo and hotel projects on the Sunset Strip, from developers AECOM Capital and Combined ...
Douglas Emmett is booting hundreds of tenants from Barrington Plaza in West Los Angeles because of a city law that allows a landlord to remove rent-controlled units “permanently from rental housing use.” Only it may not. Superior Court ...
Hidden Villas, a limited liability company owned by Vigen and Roselyn Haroutunian, filed an application on May 9 to demolish 10 residential units, seven of which are affordable, and construct 168 residential units in Van Nuys, 18 of ...
Erewhon to the city of Los Angeles: stop the wrecking ball at the historic Sportsmen’s Lodge in Studio City. The upscale supermarket chain filed an environmental challenge against the city to block Midwood Investment & Development ...
Office tenants in Orange County are eager to buy distressed office deals. Four of the top five office sales in OC this year were by owner-users, or buyers who plan to occupy their new buildings, the Orange County Business Journal ...
A growing number of empty warehouses across the Inland Empire has pushed properties owned by Sun Life Financial and other investors into a valuation slump. The Toronto-based insurer and asset manager said the value of its U.S. real ...
BH Properties, the lending firm run by Steve Gozini, has offered a $10 million lifeline to Oceanwide Plaza to help the bankrupt project stay above water for the next few months. China-based Oceanwide has requested the bankruptcy court ...