Santa Monica
California Apartment Association Blasts Rent-Gouging Amid LA Wildfires
Following reports of rent gouging amid the wildfires in the Los Angeles region, the California Apartment Association (CAA) has called… Read more
Gortikov Capital Acquires $120M Santa Monica Affordable Portfolio
Gortikov Capital said Monday it had acquired Samo Collection, an 11-building portfolio of 399 income- and rent- restricted affordable housing in… Read more
Chrysalis Celebrates 40th Anniversary Milestone with Star-Studded Butterfly Ball in October
TruAmerica Multifamily’s Robert Hart is a CRE leader who has long supported Chrysalis because he recognizes how the organization effectively… Read more
Universal Music-Leased Santa Monica Offices Trade for Reported $185M
Drawbridge Realty has acquired 2220 Colorado Ave., a 225,773-square-foot headquarters building in Santa Monica’s Silicon Beach neighborhood, for a reported… Read more
Berkadia Webinar: Why the Macroeconomic Outlook is Crucial for CRE
In a recent webinar titled Beyond Insights 2024 Mid-Year U.S. Economic Update, Berkadia, a leading commercial real estate (CRE) company,… Read more
Upcoming Berkadia Economic Update Webinar Features Komal Sri-Kumar
The economy, both domestic and global, has been a topic of especially keen interest for commercial real estate investors in… Read more
Bridge Loan Refinances 60-Unit Brentwood Apartment Building
Gortikov Capital secured a $49.5-million refinance for Luxe Villas, a 60-unit, Class A multifamily building in Los Angeles’ Brentwood neighborhood. President… Read more
Macerich Turns Over Santa Monica Place to Lender
For the second time in as many weeks, a major retail landlord has quit Santa Monica. This time it’s Macerich,… Read more
Multi-Tenant Retail Sale Completes Santa Monica Parcel Assemblage
Kennedy Wilson Brokerage finalized the $7-million sale of 2031-2037 Wilshire Blvd., a 3,149 square-foot retail center on a 6,970-square-foot parcel… Read more
Federal Realty Exits Ownership on Santa Monica’s Third Street Promenade
Federal Realty Investment Trust has sold its remaining assets on Third Street Promenade in Santa Monica, which it has owned for a… Read more
California YIMBY Blasts Ballot Measure to Repeal Costa-Hawkins
California YIMBY announced its opposition to a statewide ballot measure funded by the AIDS Healthcare Foundation (AHF), the so-called Justice… Read more
Macerich Charts New Direction with “Path-Forward” Plan
Macerich published its detailed Path-Forward plan to simplify the business, improve operational performance and reduce leverage under the leadership of… Read more
Lee & Associates Team Lists Apartments in Santa Monica, Brentwood
Matthew Sullivan and Alex Ho of the Investment Services Group of Lee & Associates have listed a trio of apartments… Read more
Bolour Arranges Debt to Redevelop Three LA Properties into Multifamily
Bolour Associates Inc. provided more than $20 million in debt financing for the redevelopment of three Southern California retail projects. Upon… Read more
JLL Hires Lead for LA Urban High Street Retail
JLL hired 16-year Los Angeles industry veteran and urban street retail expert Matthew Fainchtein as managing director with a start… Read more
CIM Opens Apartments in LA’s West Adams Neighborhood
CIM Group has opened The Jayne, a 69-unit, six-story apartment building with six units designated as affordable and approximately 5,453… Read more
EVgo Completes Four Sale-Leasebacks for Electric Vehicle Charging Hubs
SLB Capital Advisors, a real estate advisory firm focused on executing sale-leasebacks for corporations and sponsors, arranged four leasing transactions… Read more