State of California
Kam Sang Takes Title to 1,159,000 SQFT Wells Fargo Center South in DTLA via Deed-in-Lieu, Lands $68MM East West Bank Loan
Los Angeles County records show Kam Sang Company's New Age 355 took title to Wells Fargo Center South from a Brookfield entity through...
Kam Sang Affiliate Buys $290MM Loan on 1,159,000 SQFT Wells Fargo Center South in Downtown LA for About $115MM
An affiliate of Arcadia-based developer Kam Sang Company has taken over the $290 million mortgage on Wells Fargo Center South, the 45-story Bunker...
Private Investor Buys 59,000 SQFT Summit III at Valencia Office Building for $10.8MM
A nearly full suburban office building in the Santa Clarita Valley has traded for $10.8 million, the second Valencia office sale CBRE has...
California’s $17.40 Minimum Wage Takes Effect in 2027, Stacking Onto Southern California Mandates
California's minimum wage climbs to $17.40 in 2027, adding to a stack of Southern California local and sector wage mandates.
Irvine Co. Trades 842-Space Garage for 184-Unit Luxury Tower at Fashion Island in Newport Beach
The master-planned developer is converting underused parking at 800 San Clemente Drive into the eighth and final building of its 708-unit Villas at...
UCLA Clears Environmental Hurdle for 1.35MM-SQFT Westside Pavilion Conversion Into Research Hub
The university's adaptive reuse play to convert a dead mall into a multidisciplinary science campus moves into formal CEQA review, with a public...
Harbor Associates Lists 59,000 SQFT Summit III at Valencia for $12MM at 8.9% Cap
The Long Beach value-add shop is unwinding its 2021 three-building Valencia acquisition — taking the stabilized office piece to market while shopping the...
LA Voters Deliver Two-to-One Mandate for More Housing, Embrace Bigger State Role, Poll Finds
New LABC Institute survey shows Angelenos across income levels demanding faster construction of mixed-income rental housing as production stalls at a fraction of...
South LA Nonprofit CRCD Locks In $14.5MM Freddie Mac Refi on 52-Unit Supportive Housing Project
Ruth Teague Homes, completed in 2024 with 9 percent tax credits, houses transitional age youth, families and veterans in the Avalon Gardens neighborhood....
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...
1.16MM SQFT DTLA Wells Fargo Center Seeking ~$150MM in Lender-Facilitated Sale
Wells Fargo Center – South at 355 South Grand Avenue hits market at 42 percent occupancy with state and legal tenants Downtown Los...
Newport Beach Commits $712,000 to Launch Airport Area Transformation Into Mixed-Use Village
Two-year planning contract with Kimley-Horn marks shift from strategy to execution on state-mandated housing targets The city has moved from planning to implementation...
