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Miracle Mile

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rendering of apartment with couch and shelves
FinanceIndustry NewsLos AngelesResidential

Pacific Urban Investors Grabs 168-Unit Preston in Miracle Mile for $70.5MM as Sares-Regis Books a Loss

Pacific Urban Investors extended its Los Angeles buying streak with the $70.5 million purchase of the Preston apartments in Miracle Mile, a price...

Apartment building with a pink background
FinanceIndustry NewsLos AngelesResidential

Prime Residential Lands 132-Unit Palm Court Apartments for $51.25MM in LA’s Miracle Mile

A San Francisco-based multifamily owner has planted a deeper flag in one of Los Angeles' most supply-constrained neighborhoods, pairing a $51.25 million purchase...

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

Onni Group’s 46-Story, 419-Unit Miracle Mile Tower Advances as Draft EIR Lands at 5350 Wilshire

After three dormant years, Onni Group's plan for a 530-foot residential high-rise beside the Wilshire/La Brea subway station has cleared a key procedural...

construction figurines on top of a phone
AECIndustry NewsLos AngelesResidentialRetail

Walter N. Marks Clears Final EIR for 42-Story, 348-Unit Mirabel Tower on LA’s Miracle Mile

Los Angeles City Planning has released the Final Environmental Impact Report for Mirabel, clearing the way for an Aug. 27 hearing on the...

Apartment building facade
FinanceIndustry NewsLos AngelesResidential

Prime Residential Acquires 132-Unit Palm Court Apartments for $51.25MM in Los Angeles’ Miracle Mile

San Francisco-based Prime Residential has landed a fully renovated Miracle Mile apartment complex for $51.25 million, betting on the durability of rents in...

apartment building
FinanceIndustry NewsLos AngelesResidential

Veritas Investments Shops 671-Unit, 29-Asset Westside Los Angeles Multifamily Portfolio for Sale or Recapitalization

Veritas Investments has placed a 29-building, 671-unit apartment portfolio spanning Santa Monica, West Hollywood, Venice, Culver City and Redondo Beach on the market,...

Los Angeles
CommercialFinanceIndustry NewsLeasingLos Angeles

Onni’s $384MM Wilshire Courtyard Loan Lands Back in Special Servicing as July Maturity Looms

The Miracle Mile office campus faces imminent default with cash flow covering barely a quarter of its debt service and the balloon payment...

Skyline of Los Angeles during dusk
CommercialIndustry NewsLeasingLos Angeles

Swig and Intercontinental Clinch 22,000 SQFT of Leases at 6300 Wilshire as LA Office Market Wobbles

The Class A Miracle Mile tower lands three new tenants and five renewals over five months, defying a Los Angeles office sector grappling...

Skyline of Los Angeles with the railroad in the foreground
AECCommercialFeaturedIndustry NewsLos AngelesRetail

LA Metro Punches Subway Beneath Wilshire, Rewriting the Mid-Wilshire CRE Map Ahead of the World Cup

The $3.1 billion first phase of LA Metro’s D Line extension delivers three underground stations along the region’s densest office spine, handing landlords...

Downtown Los Angeles Arts District
CommercialFeaturedIndustry NewsLeasingLos Angeles

Los Angeles Office Market Posts 3.5MM SQFT in Q1 2026 Leasing as Sublease Supply Drops 33% from Peak

Savills reports four consecutive quarters of rising asking rents and six straight quarters of declining sublease availability across the LA basin, though elevated...

Skyline of Los Angeles during dusk
FinanceIndustry NewsLos AngelesResidential

Alliance Residential Acquires 60-Unit mResidences Miracle Mile for $30.15MM in Los Angeles

Newmark has arranged the sale of mResidences Miracle Mile, a 60-unit multifamily property in the Miracle Mile submarket of Los Angeles, to Alliance...

office building exterior
CommercialFinanceIndustry NewsLos AngelesRetail

44,000 SQFT Office and Retail Property Listed for Sale in Los Angeles

Two-building office and retail portfolio on West Third Street hits the market with multiple income streams and vacancy for an owner-user Los Angeles’...

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