Month: November 2025

Los Angeles’ Executive Directive 1 has made all-affordable housing the most competitive development play in the city.  Developers are increasingly opting to build 100 percent affordable apartments as a way of getting projects through the approval pipeline faster, as entitlement timelines shrink from about a year for market-rate projects to 60 days for fully affordable…

Tensions over the lack of transparency in “who’s calling the shots” on the fire recovery boiled over this week as a contractor sought approval of $8 million for rebuilding work. “We’ve had a lot of false starts from the beginning of this, from the mayor appointing someone to be the director of this recovery to…

The former Costa Mesa headquarters of Trinity Broadcasting Network is on the road to resi redevelopment.  Meritage Homes bought the 6-acre property at 3150 Bear Street in Costa Mesa for $44.5 million, the Orange County Business Journal reported. The former home of the Christian media company spans 70,800 square feet, and the sale price works…

The University of California, Los Angeles is adding another high-rise dorm building next to its campus in Westwood.  UCLA is planning to build a 19-story, 310,000-square-foot building with 148 units at 901 Levering Avenue, Urbanize Los Angeles reported. The project is expected to house up to 1,150 students.  The development site has five buildings with…

After more than 35 years at the helm, William “Bill” Witte is stepping down as chairman and CEO of Related California, The Real Deal has learned. Effective Jan. 1, Witte, 74, will become chairman emeritus of the Irvine-based firm. Gino Canori, the company’s president, will become president and CEO of Related California’s market-rate and mixed-income…

A proposal to temporarily pause the mansion tax for property owners in the Pacific Palisades has new legs a month after Mayor Karen Bass first floated the idea in a letter to the city council. On Monday, the Ad Hoc Committee for LA Recovery approved a motion asking the City Attorney to report back in…

Los Angeles has emerged as one of the nation’s hottest hubs for adaptive reuse, with 5,640 apartments in the pipeline — second only to Manhattan’s 11,000, according to a recent analysis. Office buildings comprise 50 percent of the main target for conversion in L.A., with 11 such projects in development as of July, RentCafe.com determined…

A South Korean video game developer is doubling down on the Los Angeles area.  Nexon America, the U.S. offshoot of South Korean game developer and publisher Nexon, renewed its lease for 49,000 square feet at the 621 Hawaii Street building in El Segundo, Commercial Observer reported. The lease has been extended through 2033 and is…

Pacific Urban Investors purchased a downtown Glendale apartment building for about 8 percent over its last trade more than a decade ago. The Marcus & Millichap Company paid $76 million for 200 East Broadway, according to property records. The seller was Equity Residential; Berkadia issued a $19 million note.  The deal comes out to $365,000…

Here’s the story of a lovely home that’s a part of L.A. history.  The Studio City house made famous by “The Brady Bunch” is in the process of becoming a Los Angeles Historic-Cultural Monument, LAist reported. The home’s current owner, art collector Tina Trahan, is seeking historic designation for the property from the city with…