Los Angeles
UCLA Anderson Q1 Forecast Revised First Time in 68-Year History
As world economies react to the necessary disruptions from Covid-19, UCLA Anderson Forecast authors, for the first time in their… Read more
Champion Acquires USC-Adjacent Student Housing for $14M
L.A.-based Champion Real Estate Company has acquired a 47-unit, potential 102-bed, student housing community located at 2353 Portland St. in… Read more
Savills Finalizes Deal for Project Management Firm
Savills has completed its acquisition of Macro Consultants LLC, a project management firm with offices in Midtown Manhattan, Los Angeles, Denver, Philadelphia and… Read more
Connect Q&A: California’s 2020 Housing Politics with AAGLA’s Yukelson
By Chris Egger As the state of California, alongside the rest of the nation and a global community, wrestle with… Read more
TruAmerica Pays $54M to Buy 306-Unit Mission Springs Apartments
TruAmerica shook hands with 29th Street Capital of Chicago to acquire Mission Springs Apartments, a 306-unit multifamily asset in Tempe,… Read more
SRS Signs 55K SF at Burbank Town Center; Including 1st Terrace Tenant
SRS Realty has announced a trio of new leases at Burbank Town Center, the 1.2 million-square-foot retail center anchoring downtown… Read more
CBRE Secures $19 Million in Financing for UCSB Student Housing
CBRE has secured an $18.5 million loan for The Hive Isla Vista, a five-property student housing portfolio near the UCSB… Read more
152K-SF Travis Park Plaza Sells to Entrada Partners
Entrada Partners shook hands with GrayStreet Partners to acquire Travis Park Plaza, a 151,736-square-foot office building in downtown San Antonio.… Read more
OC’s PacSun Opening Urban Neighborhood Flagships
Orange County’s Pacific Sunwear of California (PacSun) is taking Southern California’s beach lifestyle urban with two new landmark stores, one… Read more
DTLA’s Historic Farmers & Merchants Building Sells for $8M
Buyer Main Street Trading Group, LLC has acquired DTLA’s historic Farmers & Merchants bank building for $8.2 million. Located at… Read more
SB 902 Rekindles Legislature’s Housing Agenda
The dialogue on affordable housing in Sacramento continues, and California Sen. Scott Wiener (D-San Francisco) has introduced SB 902, a… Read more
Port of Los Angeles Cargo Volumes Down 23% in February
The Port of Los Angeles is reporting a 22.9% decrease in cargo volumes for February compared to 2019, with expectations… Read more
MBK JV Acquires 4.3 Acres for 344-Unit TOD
Irvine, CA-based MBK Rental Living and partner Haseko Corp. have acquired a 4.3-acre site in Duarte, CA, slated for development… Read more
LA Trade-Tech College Breaks Ground for $188M Expansion
Los Angeles Trade-Technology College (LATTC) has broken ground for the school’s Construction Technology Building on a long-empty property at the… Read more
Moreno Valley Multifamily Trades for $7M
A private investor has acquired the 48-unit Bevia Apartments in Moreno Valley, CA for $6.65 million. Located 13260 Heacock St.,… Read more
Inbound Capital to U.S. Multifamily Drops Y-O-Y
Inbound capital to the U.S. multifamily sector decreased year-over-year by 27.3% to $10.7 billion in 2019, says CBRE. The drop-off… Read more
Honolulu Mandarin Oriental Tower Breaks Ground
Project developer Mana’olana Partners, founded by Los Angeles-based Salem Partners, has broken ground for construction of the Mandarin Oriental Hotel… Read more
Urban Offerings JV Funded at $59M for Culver City Creative Build
An Urban Offerings/Meridian Group partnership has received $59.3 million in construction financing to commence development of a 74,055-square-foot, mixed-use creative… Read more
Vista/Tokyu Land Acquire Pleasant Hill Multifamily in $91M JV
A joint venture of L.A.’s Vista Investment Group and Tokyu Land US Corporation has acquired the Northridge Apartments, a 221-unit… Read more