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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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