Developer Izek Shomof purchased a Long Beach office tower for $50 million, The Real Deal has learned. The 24-story, 460,000 square foot property at 111 W. Ocean Boulevard, called Landmark Square is one of the newer and taller offices ...
The Pacific Companies is plotting an affordable housing project in Reseda. The Idaho-based developer closed on a ground lease with New York-based Safehold for the proposed Twin Park Landing project at 6670 Reseda Boulevard, ...
Nuveen has offloaded another property in the Los Angeles area. Carmel Partners bought Stella, a 244-unit apartment building at 13488 Maxella Avenue in Marina del Rey, from Nuveen for $141 million, Commercial Observer reported. The ...
A condo unit at the Maybourne Beverly Hills sold to the titan of a family-owned food maker and distributor in one of the priciest deals at the ultra-luxe property. The Real Deal previously reported unit 8E at 225 North Canon Drive went ...
A home known as the Malibu Dream Resort is on the market and ready to dance the night away. The 31-acre vacation home and event venue at 12680 Yellow Hill Road is asking $52 million, Mansion Global reported. The price amounts to ...
Concord Capital Partners added another Koreatown apartment building to its growing collection. The Beverly Hills-based investment firm bought The View, a 13-story, 168-unit building at 3460 West Seventh Street for $52 million, or ...
Los Angeles’ multifamily market lost a bit of steam in the third quarter, but a bounceback might not be far off. Occupancy dipped 40 basis points year-over-year, while rents fell 0.2 percent from the previous quarter, the L.A. ...
Santa Monica Clock Tower is in the hands of a receiver over a $25 million loan balance, according to an October court order. Special servicer Rialto Capital recently sued a company connected to Rockwood Capital, the Santa Monica Clock ...
BlackRock added another multifamily property to its holdings, this time in Ventura County. The Latigo Group sold the Santal Thousand Oaks apartments in Thousand Oaks to an account managed by New York-based BlackRock, L.A. Business ...
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 ...