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Waterton Secures $77.8MM Refinancing for 293-Unit OLiVE DTLA Multifamily Community in Downtown Los Angeles
The financing package combines a $66 million Fannie Mae loan with $11.8 million in preferred equity from Tokyu Land US Corporation, replacing prior...
Bankruptcy Court Pushes Oceanwide Plaza Confirmation Hearing to May 19 After City of Los Angeles Requests Continuance
Judge Deborah J. Saltzman extends overbid, objection and reply deadlines tied to the $470MM KPC Group-Lendlease purchase proposal for the stalled three-tower complex...
Lendlease Reports $223MM Operating Loss and US Impairments on Same Day It Files $470MM Bid for Downtown LA’s Oceanwide Plaza
Australia-based builder and investment manager doubles down on its American presence with the Oceanwide acquisition even as the company absorbs write-downs across its...
KPC Group and Lendlease File $470MM Purchase Agreement for Stalled Oceanwide Plaza in Downtown Los Angeles
Joint venture moves to acquire the bankrupt “Graffiti Towers” through a combined disclosure statement and liquidating plan, with the court set to approve...
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...
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...
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...
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...
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...
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...
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...
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...
