Month: May 2025

The 2023 collapse of the Skid Row Housing Trust — which provided permanent single-room occupancy housing services to low-income people in the Skid Row area in Los Angeles — is under the magnifying glass in a damning new consultant report.  Low and inconsistent rental subsidies and other structural issues in Los Angeles’ homeless housing systems…

Nearly five months after the Eaton fire killed 18 people — 17 of them in west Altadena — investigations continue into what went wrong. Mounting evidence suggests that human error, rather than a technical malfunction, was at the heart of the failure to issue timely evacuation alerts on Jan. 7 to residents in the hardest-hit…

It wasn’t enough for State Farm General to win approval to hike homeowner rates by 17 percent this month. Now the insurer wants to jack up rates by another 13 percent. The unit of Illinois-based State Farm Mutual Automobile Insurance seeks a 30 percent increase in home insurance premiums because of claims tied to the…

Luxury broker Kurt Rappaport has for more than 250 days tried to convince buyers to pay $61.5 million for the Holmby Hills mansion owned by Sean “Diddy” Combs, on trial for sex trafficking.  But the co-founder of Westside Estate Agency can’t get a bite for the 17,000-square-foot mansion and guest house at 200 South Mapleton…

“Parties tell you the story,” said NewMark Merrill Companies founder and CEO Sandy Sigal as he held court at his event Monday night on the Las Vegas Strip. “Forget all the statistics and everything else. People are out to have fun and loosen up because it was a stressful year last year, and this year…

The Southern California commercial real estate market faces growing uncertainty because of tariffs, high interest rates and surging construction costs made worse by recent wildfires. The economic challenges have unsettled a market already strained by shifting workplace strategies and declining office demand, the Los Angeles Times reported. In Downtown Los Angeles, the office vacancy rate…

A massive mixed-use redevelopment project for a strip of West Hollywood that includes The Viper Room is up in the air as the property heads to foreclosure.  Silver Creek Development’s 8850 Sunset project, which received final approval from the West Hollywood City Council in August, is more than $69 million in the hole, as reported…

Stream Realty Partners has been approved to build a 100,000-square-foot speculative warehouse in Cudahy. The Dallas-based developer secured entitlements from Gateway City to build the two-story  industrial building at 4900 Cecilia Street, L.A. Business First reported. It will replace a midcentury manufacturing building. Plans for the warehouse, dubbed Central LA Commerce Center, call for a…

Bel-Air’s most famous unfinished acropolis is up for auction once again, The Real Deal has learned. Paul Ventura’s Sahara Construction is selling the 1.2-acre site of Mohamed Hadid’s failed spec mansion at 901 Strada Vecchia Road in a sealed-bid auction that runs until July 16, according to a listing posted Monday by Compass’s Tracy Tutor…

Elevate Aircraft Seating has signed a deal for a 280,500-square-foot warehouse in Huntington Beach. The airline seat manufacturer based near Seattle has signed a lease for the two-story office and warehouse at the McDonnell Center Business Park at 5701 Skylab Road, the Orange County Business Journal reported. Terms of the lease with San Francisco-based Prologis…