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AECCommercialFinanceIndustry NewsLos AngelesResidentialRetail

LA’s $1.2 Billion ‘Graffiti Towers’ Clear Major Bankruptcy Hurdle

Downtown development stalled since 2018 reaches settlement with creditors, paving way for potential sale ahead of 2028 Olympics After years of abandonment and...

Los Angeles
FinanceIndustry NewsLos AngelesResidential

MetLife Sells 152-Unit LA Apartment Tower at 717 W Olympic for $69MM

Buyer secures $56.8 million financing as downtown market faces elevated vacancy and supply pressures MetLife has offloaded a 22-story apartment tower in Downtown...

Downtown Los Angeles Arts District
AECCommercialHospitalityIndustry NewsLos AngelesResidential

AEG Takes a Third Swing at DTLA’s $2.6 Billion Convention Market

Global sports and entertainment giant AEG is betting big on the future of Downtown Los Angeles, unveiling plans for a soaring 49-story, mixed-use...

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FinanceIndustry NewsLos AngelesNews ReleasesResidential

HACLA Acquires 154-Unit Clarendon Apartments in LA for $50MM

(EDITOR’S NOTE: According to industry sources with knowledge of the Southern California multifamily market, the property located at 215 W 14th St. was...

cash-macanaya-zgGjw62Xi1s-unsplash-downtown LA
AECCommercialFinanceIndustry NewsLos Angeles

Los Angeles Convention Center Expansion Faces Budget Issues as Costs Soar to $2.7B

Los Angeles is grappling with a financial crisis that threatens to derail one of its most ambitious infrastructure projects. The city’s downtown Convention...

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AECIndustry NewsLos AngelesResidential

Mack Real Estate Development’s 536-Unit Twin High-Rise Project Receives Final City Approval in Downtown Los Angeles

The Los Angeles City Council has now given final approval to the 51-story residential tower, completing the entitlement process that began with Planning...

1600 flower la
AECHospitalityIndustry NewsLos AngelesResidentialRetail

Jade Enterprises Moves Forward With 573-Key Mixed-Use Tower Development in Downtown Los Angeles

Downtown Los Angeles continues to attract large-scale development as local firm Jade Enterprises advances plans for a mixed-use project near the L.A. Convention...

Los Angeles, Marcus & Millichap, Measure ULA, San Fernando Valley, South Bay, Long Beach, Koreatown
FinanceIndustry NewsLos AngelesResidential

Two Los Angeles Multifamily Assets Totaling 261 Units Listed for Sale

A couple of multifamily communities totaling 261 units in Los Angeles—mResidences Olympic & Olive in Downtown’s South Park submarket and mResidences Miracle Mile—have...

AIDS Healthcare Foundation, Skid Row, Skid Row Housing Trust, Skid Row, Los Angeles, Los Angeles City Council
FinanceIndustry NewsLos AngelesResidential

Oviatt Apartments, 117-Unit Mixed-Use Property in Downtown Los Angeles, Brought to Market

A 117-unit, 42,136-square-foot mixed-use property at 1315 Flower Street in Downtown Los Angeles has been listed for sale. The four-story asset occupies an...

LA skyline
AECFinanceIndustry NewsLos AngelesResidential

Development Site Entitled for 531 Units in Downtown Los Angeles Hits the Market

A fully entitled 531-unit multifamily development site at 1240 S. Hope Street in Downtown Los Angeles has been brought to market. The 0.97-acre...

venti-views-Xx6zJlBGN-Y-unsplash-Los Angeles
FinanceIndustry NewsLos AngelesRetail

DTLA Ralphs Building Sells for $19.5MM

The downtown Los Angeles retail property anchored by Ralphs grocery store has changed hands for $19.5 million, according to public documents reviewed by...

venti-views-0YWaDPylkYA-unsplash-los angeles
AECCommercialLos AngelesNews Releases

Crypto.com Arena, Peacock Theater and AEG offices at L.A. LIVE Achieve WELL Health-Safety Rating

Crypto.com Arena achieved the WELL Designation for a second year, and the adjacent Peacock Theater and AEG offices at L.A. LIVE also earned...

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