REAL ESTATE
Recent and archived news stories on: Commercial real estate, residential real estate, housing, architecture, engineering, real estate brokers, construction, property development, property management
MJW Launches $500M Fund
Company seeks multifamily opportunities
Santa Monica-based MJW Investments is creating a $500 million fund to invest in value-add multifamily, student housing and more.
Prime WeHo Property Sells
Site could see mixed-use development
A development site at the intersection of Santa Monica and La Cienega boulevards has sold for $22.5 million.
CGI Secures $48 Million in Financing
Developer will use funds for project in Koreatown
Woodland Hills-based CGI Strategies has received a $47.8 million construction loan from an unnamed national lender for a project in Koreatown.
Large Office Properties Set Major Renovations
Work underway at big-ticket sites in Pasadena, DTLA
The office space construction boom in Los Angeles is extending to large properties in Pasadena and downtown.
Mamo Takes Over LB Marketplace
Company buys out partner Pacific Castle for $67 million
Santa Ana-based Mamo Properties Inc. bought out Irvine-based partner Pacific Castle Management Inc.’s share of the Long Beach Marketplace for $67 million.
Watt Cos. Courts a New Generation
Developer dials up multifamily projects
After recent leadership changes that included Nadine Watt taking on the title of chief executive, Watt Cos. is again focused on housing.
West Adams Is Looking Up
Mixed-use Cumulus towers will anchor revitalized area
On the edge of West Adams, Cumulus is rising. Developer Carmel Partners Inc.’s project sits on 11 acres near the Expo Line.
East Hollywood Building Sells for $48 Million
Features affordable senior housing
An apartment building in the Little Armenia neighborhood of East Hollywood has sold for $48 million.
Glendale Multifamily Property Brings $28 Million
Apartment building has 60 units
A trust has purchased a 60-unit apartment building in Glendale from an individual for $28 million.
Trion Makes the Move Into Ground-Up Space
Value-add developer opens site in Culver City
West Hollywood-based Trion Properties has completed its first foray into ground-up development.
NeueHouse Set to Open in Venice
Coworking club will occupy former Snap office space
Coworking-meets-social-club company NeueHouse is expanding in Los Angeles by opening a location in Venice Beach.
Wilshire Site Brings $312 Million
Rockpoint buys Miracle Mile tower
A towering Miracle Mile office building at 5900 Wilshire Blvd. attracted a sky-high sale price of $312 million.
Maximum Multifamily
Category continues record hot streak across LA’s markets
After a record-breaking year for multifamily sales in 2019, a variety of factors point toward a possible continuation of the trend this year.
Multifamily Portfolio Fetches $23 Million
Goldrich Kest sells off two properties to Xenon
Culver City-based Goldrich Kest has sold two multifamily assets in Los Angeles County for a combined $23.3 million.
Vista Investment Leans Into Rent-Control Sites
Firm pays $50 million to expand multifamily portfolio
Santa Monica-based Vista Investment Group has closed on four multifamily properties as part of a larger plan to purchase properties subject to rent control.
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