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Elk Development owes about $60 million on Hollywood apartments, according to two notices of default dated early June. Acres Capital loaned Elk around $41 million via a construction note five years ago. The note was amended and increased to $44...
A new state law that allows denser housing development near major transit stops goes into effect in July, opening the door to construction of more than 1 million new units in California’s urban centers. The law forces cities to approve talle...
A mixed-use apartment complex is slated to rise on a Pico-Robertson development site that traded hands less than a year ago and marked one of the most expensive lot sales in the area in years.BWB Pico LLC, an entity associated with Sherman Oaks...
PCCP and Alliance Residential Company plunked down more than $65 million for an apartment complex in the Inland Empire’s biggest city. The two firms acquired The Hawthorne, a 184-unit multifamily property at 9170 Indiana Avenue in Riverside,...
Nuveen has offloaded a five-building apartment complex in Van Nuys to a locally based real estate firm. Beverly Hills-based Post Investment Group purchased the 390-unit San Regis apartments at 15454 Sherman Way in Van Nuys for roughly $69 mill...
One of the most painstaking architectural renewals in recent Los Angeles memory has finally pulled a world-class jewel of modern architecture from obscurity.Designed by pioneering Modernist architect Richard Neutra in 1928, with limited collab...
Downtown L.A. is doing better than you think it is, but the government needs to do more to energize the city, said one of the region’s longest and most successful real estate leaders.Bill Witte is retiring after running Related California, a...
Pacific Investment Management Company and the Witkoff firm have defaulted on a loan of more than $400 million tied to a luxury apartment complex in Santa Monica. The delinquent loan is connected to The Park Santa Monica, a 249-unit residential...