Month: October 2025

Affordable housing is replacing market-rate as the preferred multifamily development type in Los Angeles as 100 percent affordable projects become more attractive thanks to Executive Directive 1. Developers Six Peak Capital and SoLa Impact, for example, are among those doubling down on fully affordable developments, CoStar reported.  New York-based Six Peak Capital started construction on…

Lincoln Property Company recently hired a seven-member occupier services team away from Savills.  Corey Davidson and David DiPietro are co-leaders for the team that’ll be spread out across Los Angeles, New York and Houston. The rest of the team are Joshua Meltzer, Liron Nelik, Doug Fine, Ian Zilla and Jen Fan. The seven have executed…

Irvine Company sold its last downtown San Diego office tower at a loss.  The company, owned by the country’s richest developer Donald Bren, sold One American Plaza, a 34-story building at 600 West Broadway, for $120 million. John and his daughter Payton Saca are the buyers. The Southern California behemoth paid about $300 million for…

Community blowback scuttled a transitional housing effort slated for oceanfront property in Santa Monica.  Los Angeles County Supervisor Lindsey Horvath, whose district includes the seaside enclave, ordered the termination of two interim housing facilities planned for former senior living facilities on Ocean Avenue, the Santa Monica Daily Press reported.  The county previously opted to pause…

Link Logistics sold a two-building industrial portfolio in the Gateway Cities to Bridge Logistics Properties.  New York-based Bridge Logistics bought the adjacent properties, at 18501 and 18385 San Jose Avenue in City of Industry, for $109 million Commercial Search reported. Seller Link Logistics, a Blackstone portfolio company, had acquired the assets in 2017 as part…

Crescent Heights is repositioning Orange County’s tallest residential complex as a condominium. The Miami-based firm bought 9 MacArthur Place, an apartment complex in Santa Ana, for $240 million in April and is marketing units for sale, the Orange County Business Journal reported. Units at the development are no longer being listed online as available for…

Joel Rodstein has stacked 20 years in property management on top of the business degree he earned from the University of California-Santa Cruz. He’s worked his way up to become CEO of North Oak Property Management. Rodstein oversees a portfolio of 185 buildings ranging from commercial to multifamily properties including around 800 units spread over…

The City of Los Angeles is looking to recruit private developers to reimagine some pieces of government-owned land.  The city is looking to bring housing to 12 city-owned properties through a request for qualifications to find developers suitable for the project, Urbanize Los Angeles reported. The search, part of the “Small Lots, Big Impacts” initiative,…

Lori Loughlin and Mossimo Giannulli may finally be able to call it quits on their Hidden Hills estate. The home at 25210 Jim Bridger Road within the guard-gated community was last week’s top home to go into contract with an asking price just under $15 million, or $1,266 per square foot, according to Douglas Elliman’s…

What’s better than one home fit for a king? How about two? LeBron James is building not one, but two houses at his Beverly Hills compound, Realtor.com reported. The NBA legend purchased a 1930s manse at the site in 2020 for $37 million and demolished it to make way for his new estate.  “King James”…