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AECFinanceIndustry NewsLos AngelesResidential

Jamison Lands $60MM Fifth Third Loan to Convert 3424 Wilshire Office Tower into 260 Apartments in Koreatown

Recorded title documents show a related-party transfer of the 13-story Koreatown tower into a Delaware joint venture entity preceded the construction financing for...

modern building with sky
CommercialFeaturedIndustry NewsLos Angeles

San Fernando Valley & Ventura Office Market Records 176,700 SQFT Absorption in Q1 2026 as Vacancy Holds at 20.2%

Strong leasing activity and declining sublease space point to steady tenant demand despite limited new supply Office demand across the northern Los Angeles...

901 Corporate Center Dr, Monterey Park, CA 91754
CommercialFinanceIndustry NewsLos Angeles

Reuters-Jamison Venture Closes Out 99,831-SQFT Monterey Park Tower at $17.7MM, a 19% Haircut

Focus Universal lands the Class A asset at roughly $177 per square foot, well below the $21.8MM asking price set in 2024, in...

Los Angeles
FinanceIndustry NewsLos AngelesResidential

Fortress Closes $96MM Loan for Cityview’s 296-Unit Jasper Apartments Near Downtown Los Angeles as Multifamily Demand Outpaces Struggling Office Sector

The refinancing replaces construction debt and signals institutional confidence in DTLA-area luxury residential, even as office vacancy soars and the city’s largest-ever adaptive...

Skyline of Los Angeles with the railroad in the foreground
AECFinanceIndustry NewsLos AngelesResidential

Jamison Services Secures $195MM Construction Loan for 686-Unit 1055 West 7th Conversion in Los Angeles

Koreatown-based developer secures financing for 686-unit conversion of historic ARCO Tower in Westlake, marking LA’s largest office-to-residential project amid citywide adaptive reuse push...

JLL, National Retail Federation, Los Angeles, San Francisco, Seattle
AECFeaturedFinanceIndustry NewsLos Angeles

Los Angeles Multifamily Vacancy Climbs to 5.6% as Construction Pipeline Expands

Investment sales total $620.6 million as cap rates expand to 5.6 percent amid slowing absorption Los Angeles multifamily vacancy increased to 5.6 percent...

Downtown Los Angeles Arts District
AECIndustry NewsLos AngelesResidential

Jamison Moves Ahead with 495-Unit Koreatown Office Tower Conversion to Apartments

Los Angeles County permits show adaptive reuse project at 3550 Wilshire Boulevard received construction approval after a three-year review process A significant adaptive...

getty-images-9WK2ibuE7YY-unsplash-los angeles
FinanceIndustry NewsLos AngelesNews ReleasesResidential

Jamison Services Secures $50MM Refinance for 157-Unit The Roya in Los Angeles

New York City, (March 11, 2025) – Affinius Capital LLC (“Affinius Capital”) announces the closing of a $50 million loan to refinance The Roya,...

3216 w 8th street koreatown-2
AECCommercialHospitalityIndustry NewsLos AngelesResidential

Koreatown to Welcome Mixed-Use Hotel and Residential Project Following City Council Approval

In a move set to reshape a prominent corner in Koreatown, the Los Angeles City Council has given the green light to a...

549-South-Harvard-Boulevard
AECIndustry NewsLos AngelesResidential

Construction Underway on Jamison’s 150-Unit Mixed-Use Development at 549 S. Harvard Blvd. in Koreatown

Nearly a year after the former post office at 6th Street and Harvard Boulevard in Koreatown was razed, the site is now buzzing...

3600 wilshire 2024 2
AECIndustry NewsLos AngelesResidential

LA City Council Approves Jamison’s 760-Unit Residential Tower at 3600 Wilshire Blvd.

On September 24, 2024, the Los Angeles City Council gave the green light to Jamison Services, Inc.’s highly anticipated residential tower project at...

Screenshot 2024-06-18 at 1.04.56 PM
CommercialFinanceIndustry NewsLos Angeles

491,486 SQFT, 463-Unit Adaptive Reuse Opportunity For Sale in Downtown LA

By Lilly Riddle Newmark has announced the opportunity to partner with the sponsor in a Joint Venture partnership to “realize the development potential”...

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