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 ...
Lincoln Property Company recently hired a seven-member occupier services team away from Savills. Corey Davidson and David DiPietro are co-leaders for the team that’ll be spread out across Los Angeles, New York and Houston. The rest of ...
Irvine Company sold its last downtown San Diego office tower at a loss. The company, owned by the country’s richest developer Donald Bren, sold One American Plaza, a 34-story building at 600 West Broadway, for $120 million. John and ...
Community blowback scuttled a transitional housing effort slated for oceanfront property in Santa Monica. Los Angeles County Supervisor Lindsey Horvath, whose district includes the seaside enclave, ordered the termination of two ...
Link Logistics sold a two-building industrial portfolio in the Gateway Cities to Bridge Logistics Properties. New York-based Bridge Logistics bought the adjacent properties, at 18501 and 18385 San Jose Avenue in City of Industry, for ...
Crescent Heights is repositioning Orange County’s tallest residential complex as a condominium. The Miami-based firm bought 9 MacArthur Place, an apartment complex in Santa Ana, for $240 million in April and is marketing units for ...
Joel Rodstein has stacked 20 years in property management on top of the business degree he earned from the University of California-Santa Cruz. He’s worked his way up to become CEO of North Oak Property Management. Rodstein oversees a ...