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Q&A: La Cañada Flintridge a poster child for builder’s remedy

La Cañada Flintridge, in the foothills of the San Gabriel Valley’s Verdugo Mountains, is home to NASA’s Jet Propulsion Laboratory and Descanso Gardens. It also contains the 1.3-acre site of a battle over housing that’s become a case ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Development site next to LA Live lists for $100M

The sky is the limit for a 2.3-acre open patch of the downtown Los Angeles entertainment district. That is provided someone buys the billing behind the $100 million listing that just hit the market, The Real Deal has learned. The ...

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  • 11 Sep
  • The Real Deal
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State pols seek change to cut Measure ULA for multifamily 

California legislators are looking to stop some of the bleeding brought on by Measure ULA, or the so-called “mansion tax” in the City of Los Angeles. On Tuesday, lawmakers released a bill that seeks to cut tax rates for some newly ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Intercontinental breaks into self-storage sector with $27M Santa Clarita purchase

Intercontinental Real Estate Corporation is breaking into a new market sector.  The Boston-based real estate investment firm, in a joint venture with Marina del Rey-based LaTerra Development, acquired EZ Access Self Storage in Santa ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Long Beach warehouse lists for $88M amid lull on tariff tumult

A publicly traded real estate investment trust is taking the pause in the tumult over tariffs as an opportunity to unload a decades-old asset in Long Beach  EastGroup Properties is asking $87.6 million for the 261,500 square-foot ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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Koreatown parking-to-ADU conversion sparks tenant protests 

Tenants in a Koreatown apartment building have staged a protest after the landlord proposed replacing parking garage spaces with accessory dwelling units.  Residents of the 22-unit building at 501 South Kingsley Drive are standing up ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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Inland California beats coastal markets in attracting investor homebuyers

Coastal California might be one of the country’s most desirable locations to buy a home, but investors in the Golden State are fleeing inland in search of deals.  From the beginning of 2024 through this June, seven of California’s 10 ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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Long Beach senior housing development gets $80M financing boost

A planned luxury senior housing community in Long Beach has received an $80 million tranche of financing.  Sunrise Senior Living and Quality Senior Housing Foundation have secured the tax-exempt bond financing for Sunrise of Long ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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Jamison faces downtown office foreclosure after sale collapsed

Foreclosure is underway for the Jamison Properties-owned office building at 811 Wilshire Boulevard, after the landlord defaulted on debt connected to the property and a deal to sell it fell apart.   Jamison had a buyer under contract ...

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  • 09 Sep
  • The Real Deal
  • Uncategorized
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Trump orders secrecy on $500M vets housing project at Westwood VA LOCAL

President Trump’s planned veteran housing community in West Los Angeles is moving forward under a shroud of secrecy. The Department of Veterans Affairs is purportedly requiring everyone associated with the project’s planning, including ...

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  • 09 Sep
  • The Real Deal
  • Uncategorized
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