The state of California is looking to swoop in and help build affordable rental housing in areas burned by the Los Angeles wildfires. Gov. Gavin Newsom has tapped the California Department of Housing and Community Development to ...
Proponents of L.A.’s luxury condo market may have just scored another win. Penthouse B at the West Hollywood Edition found a buyer last week to also make it the seven-day period’s top signed contract based on asking price, according to ...
The city of Inglewood is poised to get nearly 600 new townhomes near the sprawling Hollywood Park entertainment hub. An environmental report published by the city shows that HAS INDW Property Owner LLC has applied to build 571 ...
The founder of Douglas Emmett Realty Advisors has placed his Brentwood home on the market for $58.5 million, making it the Los Angeles neighborhood’s most expensive current listing. The home last sold in December 2020 for $20 million ...
The U.S. office market posted its fourth consecutive quarterly decline in vacancy rates, signaling strong recovery momentum. Vacancy fell to 23.2 percent in the second quarter, dropping 15 basis points from the prior quarter, according ...
A new appraisal slashed the value of Albert Taban and Michael Pashaie’s Pasadena Office Tower by more than half as tenants flee the property. The nine-story tower at 150 South Los Robles Avenue was reappraised at $23 million, a 59 ...
Jamison Properties is offloading a distressed office building in Downtown Los Angeles in the latest sign of the office market’s post-pandemic doldrums. The Koreatown-based company has listed the more than 337,000-square-foot building ...
LVMH Moët Hennessey Louis Vuitton SE, the French luxury conglomerate behind some of fashion’s biggest brands, is selling its only hotel in the U.S. El Encanto, a 90-room luxury hotel in Santa Barbara, is being purchased by a joint ...
The famed Hawthorne Nursery closed its greenhouse doors for good in February, marking the end of a 98-year era in the South Bay city. Now, that site is in the process of becoming a new housing development. Crews are clearing the two ...
A $38 million loan backing the Fitz on Fairfax in West Hollywood is coming due Wednesday, according to Morningstar Credit. The borrower is tied to Santa Monica-based Palisades Capital Partners. Last month the borrower was discussing ...