Month: April 2026

A parking lot along the Venice Beach Boardwalk is slated for transformation into a mixed-use residential development.  An affiliate with Mission Investors Corporation of Ventura submitted an application to the Los Angeles Department of City Planning for a new four-story building at 601 South Ocean Front Walk, Urbanize Los Angeles reported.  The entity, which owns…

The World Trade Center in Downtown Los Angeles is in the spotlight as Mayor Karen Bass touts the city’s recently approved adaptive reuse ordinance.  Bass stopped at the office complex at 350 South Figueroa Street as part of her reelection campaign as Jamison Services moves forward with turning the offices into housing, Urbanize Los Angeles…

Rick Caruso is teeing off a new chapter in his real estate career with his latest purchase in the Greater Los Angeles area.  The developer and one-time mayoral candidate, through his Caruso company, acquired the 18-hole Sherwood Lake Club in Lake Sherwood, L.A. Material reported. The deal “came together very quickly” after the 2025 death…

It’s a new brokerage and a new market for Steve Katz. After quietly exiting Beverly Hills-based Hilton & Hyland as managing director earlier this year, Katz has turned up at Syd Leibovitch’s Rodeo Realty to serve as branch manager of the company’s Encino office. It’s a fresh start for Katz, who had been with Hilton…

Hackman Capital Partners is in more trouble, as the Los Angeles-based studio owner adds another nine-figure default to its roster. Michael Hackman’s company defaulted on a $100 million loan on what once was its Sony Pictures Animation campus located in Culver City, which now faces foreclosure, according to a notice of default and election to…

Condominiums in Southern California, long regarded as an entry-level housing play, are becoming within reach for more residents.  Condo prices across the region fell 6 percent year-over-year in February to a median $656,000, marking the steepest annual decline in 14 years, the Orange County Register reported, citing the latest data from Attom. The dip also…

The area surrounding MacArthur Park is in need of affordable housing, and one project looks to meet that demand with the redevelopment of a surface parking lot a block from the Westlake park.  A developer is seeking to construct a seven-story building with 114 one-bedroom apartments at 212 West Eighth Street and 751-757 South Alvarado…

Hackman Capital Partners and Affinius Capital are shopping the mixed-use campus Culver Steps, according to an offering viewed by The Real Deal. The sellers chose Newmark to market the completely leased campus at 9300 Culver Boulevard. The downtown Culver City real estate is about 122,000 square feet, was completed in 2019 and is mostly office…

Hot off her publicized meeting with President Donald Trump, Los Angeles Mayor Karen Bass is taking a swing at one of the city’s most persistent development bottlenecks.  On Monday, Bass signed an executive order aimed at overhauling the city’s notoriously slow permit approval process in a move designed to accelerate housing production and business openings…

Victor Coleman’s Hudson Pacific Properties posted a $572 million loss in 2025. It was another year of nine-figure losses for the Los Angeles office and studio owner, which partly blamed its Quixote Studios.  The real estate investment trust spent $360 million four years ago to purchase Quixote, which rents sound stages, cast trailers, grip and…