South Park
LA Commits $150K to Study Hotel Incentives at Oceanwide Plaza as KPC, Lendlease Plan $800MM Revival
The Los Angeles City Council authorized a $150,000 consultant study to weigh public incentives for the long-stalled Oceanwide Plaza, where new owners KPC...
Los Angeles Advances Developer-Funded Study of Hotel Incentives to Revive Oceanwide Plaza’s Graffiti Towers
The Los Angeles City Council's Economic Development and Jobs Committee has advanced a motion directing the Chief Legislative Analyst to hire consultants, paid...
Winstar Properties Acquires 205-Unit The Flat in Downtown Los Angeles Through Assignment of Securitized Mortgage
Los Angeles County records show Winstar Properties took control of The Flat, a 205-unit City West apartment tower in Downtown Los Angeles, through...
Bankruptcy Court Clears $517MM Sale of Downtown LA’s Oceanwide Plaza to KPC-Lendlease Venture, Triggering Graffiti Cleanup
A federal bankruptcy judge confirmed the plan of liquidation for Downtown Los Angeles’ stalled Oceanwide Plaza, handing the graffiti-scarred megaproject to a joint...
Erewhon Files Plans for 17,500-SQFT Market at 940 South Hill Street in DTLA After $13.5MM Acquisition
The upscale organic grocer’s second attempt at establishing a Downtown Los Angeles presence places it at the center of South Park’s growing residential...
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...
Los Angeles Condominium Market Shows Modest Growth Amid Shifting Inventory Dynamics
Median price rises 0.5 percent while new construction activity remains subdued through November 2025 The Los Angeles condominium market demonstrated resilience in late...
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...
CEDARst Companies’ 218-Unit Bancroft Lofts Breaks Ground in San Diego’s North Park
218-Unit Project Strengthens Firm’s San Diego Pipeline and Advances Walkable, Amenity-Rich Urban Housing SAN DIEGO, CA (November 13, 2025) — CEDARst Companies, a...
Los Angeles Multifamily Vacancy Rises to 5.2% as Sales Prices Drop 10% Year-Over-Year
Third-quarter data shows cooling demand with net absorption down 28.8 percent despite increased construction deliveries The Los Angeles apartment market is showing clear...
CEDARst Breaks Ground on $89MM, 180-Unit The Lawson Apartment Complex in San Diego
Chicago developer’s South Park project leverages Opportunity Zone tax breaks to deliver affordable housing in supply-constrained market Chicago-based CEDARst Companies broke ground in...
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...
