Housing construction in Los Angeles turned sharply negative in the first quarter of 2025. Officials issued only 1,325 housing permits in the quarter — a 57 percent drop compared to the same period in 2024, according to a Los Angeles ...
Keck Medicine of USC plans to open a second outpatient medical center in Pasadena, on a prime site directly across from Huntington Hospital. Development of the four-story, 100,000-square-foot medical office building at 590 South Fair ...
Two lawsuits filed in Los Angeles allege home insurers colluded to limit coverage in risky fire zones, forcing homeowners to use the more expensive state-sponsored insurance plan. The complaints name State Farm and 24 other insurance ...
As real estate holds a collective breath to see whether a plan to expedite permitting in the Pacific Palisades will take hold citywide, some massive projects continue wending their way through Los Angeles’ development pipeline. The ...
A sextet of multifamily brokers who defected from Eastdil last month to rival Newmark say their former employer’s lawsuit is an effort to quell competition and enforce illegal noncompetes. Earlier this month, Eastdil Secured sued ...
Los Angeles developers may have secured a potential win when Mayor Karen Bass revealed plans during her State of the City address for an expedited permitting process in the Pacific Palisades that she said could be taken citywide. Bass ...
Lendlease and a pension fund are building a two-building, 261-unit luxury apartment complex in Baldwin Hills. The Australia-based developer and Aware Super are constructing Habitat LA, a 461,000-square-foot mixed-use project at 3401 ...
The voter-approved mansion tax has resulted in fewer apartments built across Los Angeles. Since Measure ULA was enacted two years ago, permitting for new multifamily projects in the city fell 18 percent in the first year, resulting in ...
Buchanan Street Partners has bought a 16-building industrial and office park in Lake Forest for an estimated $63 million. The Newport Beach-based investor purchased the 227,800-square-foot Spectrum Centre Business Park at 20902-21098 ...
“LA is not okay,” developer Rick Caruso posted to X on Thursday. “People are losing hope in their own city and that should concern all of us,” he went on to write. “It’s time to fix this. It’s time to turn LA around.” They were choice ...