Month: May 2025

President Donald Trump has sided with military veterans in their battle to force the U.S. Department of Veterans Affairs to build homeless housing at its West Los Angeles campus. The president signed an executive order directing the VA to create a center for homeless veterans with up to 6,000 homes at the 388-acre West L.A.…

Carolwood Estates is pooling its more than $1.3 billion in off-market listings into a new platform it hopes will give it a leg up on Los Angeles’ ultra-competitive high end.   The Carolwood Private Portal connects the company’s signed off-market listings with prospective buyers. It also pools current market information to compile market comps and valuations. …

Palisades and Eaton fire victims are getting some unique temporary housing thanks to some local prefab construction companies.  Firms like Plant Prefab, Azure Printed Homes and Ark Container Homes have stepped in to help fill the gap for much-needed living structures in the burn zones, the Los Angeles Times reported.  In total, more than 16,000…

A former Farmer John meat processing plant in Vernon will continue its Dodger legacy with a new tenant to crank out jerky. Archer, the Los Angeles-based snack maker behind the Dodgers’ official jerky products, has occupied the 350,500-square-foot manufacturing building at 3049, 3095 and 3163 East Vernon Avenue after outgrowing its original plant in San…

More and more borrowers are handing over the keys to their distressed buildings, according to panelists at the IMN Distressed CRE West Forum in San Francisco this week, leaving their lenders with no court fight to foreclose but often a “pretty messy” clean up job filled with potential pitfalls and liabilities.  About one-third of distressed…

Los Angeles County wants to hasten the rebuilding of Altadena after this year’s devastating wildfires by allowing developers to self-certify home building plans. The Los Angeles County Board of Supervisors voted to approve a pilot program that allows licensed professionals to certify that home construction plans meet county building codes, bypassing a traditionally lengthy plan…

Irvine Company wants to redevelop an Irvine golf course and offices next door into a neighborhood of more than 3,000 homes. The Newport Beach-based developer has filed plans to build 1,500 single-family homes atop the 193-acre Oak Creek Golf Club at 1 Golf Club Drive, the Orange County Register reported. It’s also looking to build…

Carolwood Estates’ Lisa Optican is standing in front of 1021 Stone Canyon Road in Bel-Air, holding up a color copy of the 1938 cover of Architectural Digest featuring the home to prove the point that little has changed. The home’s long-time owner, Barbara Lindemann Schlei, is now readying to place the home on the market…

Celebrity agent Carl Gambino continued to pad his ranks, revealing two additions each to his Los Angeles and New York rosters. The Gambino Group at Compass said it brought on Heather Marks and Kevin Milkis in Los Angeles. Meanwhile, the team added Leila Licina and Margaret Lewis in New York.  The additions had been expected…

A Sacramento-area investor is marketing a low-slung office park in Downtown Los Angeles for a leasehold and possible redevelopment. An affiliate led by Jas Bains, head of Roseville-based Dominus Companies, has listed the five-building Park DTLA for a leasehold at 201-281 South Figueroa Street, near Bunker Hill, Bisnow reported. The price of the leasehold, which…