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Industry NewsLos AngelesResidential

Los Angeles Voters Back Measure TE With 62% Support, Carving Palisades Fire Sales Out of Measure ULA Through 2030

Measure TE, which exempts sales of Palisades Fire-damaged homes from Los Angeles' Measure ULA transfer tax through January 2030, is passing with 62.3...

Los Angeles city hall
FeaturedIndustry NewsLos AngelesResidential

Bass Concedes LA Mayor’s Race to Nithya Raman, Putting Measure ULA Relief Back on City Hall’s Agenda

Mayor Karen Bass conceded the Los Angeles mayoral race to City Council Member Nithya Raman on Thursday, handing City Hall to a candidate...

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FinanceIndustry NewsLos AngelesResidential

Los Angeles Opens Record $466.6MM Homes for LA Round as Mansion Tax Money Shifts Toward Preservation

The Los Angeles City Council unanimously authorized a $466.6 million second round of the Homes for LA program, a pool built largely on...

Construction worker on the site
AECCommercialIndustry NewsLos Angeles

Los Angeles Fast-Tracks 2028 Olympic Construction, Waiving Zoning Review for Temporary Venues

The Los Angeles City Council approved an ordinance clearing temporary projects tied to the 2028 Olympic and Paralympic Games to bypass the city's...

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FeaturedFinanceIndustry NewsLos AngelesResidential

LA Council Sends Palisades Mansion-Tax Exemption to November Voters, Putting $32MM of Measure ULA Revenue in Play

The Los Angeles City Council voted 13-1 to let November voters decide whether homes destroyed or damaged in the January 2025 Palisades Fire...

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CommercialFeaturedIndustry NewsLos AngelesResidential

Los Angeles Council Advances Four-Story Low-Rise Ordinance to Defer SB 79 Upzoning Until 2030

The Los Angeles City Council voted 13-0 to advance a new Low-Rise Ordinance that permits buildings up to four stories in 57 neighborhoods...

Los Angeles city hall
AECFeaturedIndustry NewsLos AngelesResidential

Los Angeles Mounts Three-Front Resistance to SB 79, Pushing Compliance to 2030

City Council's Alternative Plan, an LA Metro Board exemption push, and a pending Senate carve-out bill combine to delay California's flagship transit housing...

Downtown Los Angeles Arts District
CommercialFinanceIndustry NewsLos Angeles

LADWP Proposes $92.5MM Acquisition of 719,000 SQFT TCW Tower From Manulife US REIT in Downtown Los Angeles

The municipal utility's deal to purchase the half-vacant South Park high-rise at $129 per square foot adds to a growing pattern of government...

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FeaturedIndustry NewsLos AngelesResidential

LA City Council Unanimously Approves Scaled-Back Density Plan to Delay State-Mandated Upzoning Under SB 79

Council selects least ambitious of three options, permitting 4-story buildings across 55 low-density zones while deferring broader transit-oriented development mandates until 2030. The...

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AECCommercialHospitalityIndustry NewsLos AngelesResidential

Los Angeles City Council Approves 668-Unit Centro Westlake Tower Complex Above MacArthur Park Metro Station

Joint development between Walter J. Company and LA Metro advances one of the city's largest transit-oriented mixed-use projects, bringing affordable housing, a 300-room...

Downtown Los Angeles Arts District
AECFinanceIndustry ContributorsIndustry NewsLos AngelesRetail

Los Angeles County Multifamily Market Transitions as Development Activity Slows

A late-year construction pullback slowed supply growth, though rent growth and pricing remain constrained. By J.C. Casillas, Managing Director of Research at NAI Capital...

AECFeaturedIndustry NewsLos AngelesResidential

Los Angeles Codifies Fast-Track Approval for Affordable Housing Projects

City formalizes streamlined process that has already greenlit over 6,200 units since Mayor Bass's 2022 emergency order Los Angeles is making permanent a...

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