Los Angeles
Vandenberg Air Force Base Military Housing Ends Six-Year Makeover Process
The housing component at Vandenberg Air Force Base has received a major boost as the initial development period has finally come to an end. A partnership between Balfour Beatty Communiites LLC and Hensel Phelps Construction Company handled the renovation and construction of new military housing units at the base. The…
Continue reading →Upscale Gated Community in Century City Set to Expand After Land Deal
Located at the corner of Century Park West and Solar Way, the site will house ten 5,000-square-foot homes that will form The Enclave at Century Woods. The development process is set to be fast tracked and construction should begin during the next few months, with completion tentatively set for the…
Continue reading →New Development in City’s Arts District Set to Reopen Market for Condo Homes
The Barker Block condo development will become the first new for-sale development in the city for quite some time and will offer 309 residential units to potential buyers in the Arts District. The final phase will include the construction of 68 units for an investment of around $25 million. …
Continue reading →Two Historic Multifamily Properties Trade Hands as 1920s Charm Makes a Comeback
Los Angeles’ residential market saw a recent upswing in interest for smaller multifamily properties as two deals were completed for properties bearing those traits. South Park Lofts in the South Park district and Avondale Apartments in Hollywood were snapped up by investment firms M West Holdings and Avondale Hollywood LLC,…
Continue reading →The Desmond will Join Creative Office Building Inventory in L.A.’s South Park District
The property features 15,600 square foot floor plates throughout, as well as an adjacent surface parking lot which the new owner will use to support the building’s office and retail residents. Renovations will deal with building mechanicals, new windows, brand new interior finishes while keeping the attractive sense of spaciousness…
Continue reading →Long Beach Senior Affordable Community Finally Holds Groundbreaking
By Alex Girda, Associate Editor A major step was taken to ensure that an important residential development in Long Beach will have new life following a number of funding delays due to redevelopment legislation. However, the Ramona Park senior affordable housing development has managed to pull through and recently held a…
Continue reading →New Renaissance Hotel will Join Already Impressive Hospitality Roster at L.A. LIVE
With the new Renaissance Hotel set to begin construction in Q1 of 2014 and a completion date set for 2016, the L.A. LIVE’s surroundings are set to feature a plethora of hospitality options, with 1,844 rooms featuring five different Marriott brands: Ritz-Carlton, Renaissance, JW Marriott, Courtyard and Residence Inn. The…
Continue reading →Bixby Office Park Acquired for $85 Million; TIAA-CREF Expands Portfolio With Industrial Purchase
It was recently announced that the Bixby Office Park was recently acquired by a private, fully-integrated real estate investment company. Parallel Capital Partners sealed a deal worth approximately $85 million to secure the commercial asset in Seal Beach, CA. This constitutes the largest office transaction in Orange County in 2013.…
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