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Developer Finally Awarded Crenshaw/LAX Transit Corridor Contract as Project Moves Forward with New Construction Start Date

Developer Finally Awarded Crenshaw/LAX Transit Corridor Contract as Project Moves Forward with New Construction Start Date

A much-talked about project for Los Angeles’ transportation system recently got the go-ahead when the Los Angeles County Metropolitan Transportation Authority Board of Directors approved a contract worth $1.2 billion to Walsh/Shea Corridor Constructors to build the Crenshaw/LAX Transit Corridor. The development is now in the utility relocation phase with…

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Real Estate Investment Company Reaches for the Stars as It Completes Walk of Fame Building Acquisition

Real Estate Investment Company Reaches for the Stars as It Completes Walk of Fame Building Acquisition

Hollywood’s flashing stars seem to continue to attract attention as ASB Real Estate Investments has recently moved on the market for a prime retail and office property located along the world-famous Walk of Fame. The company has acquired the property for its Allegiance Fund, a $2.2 billion core, open-end real…

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U.S. Bank Completes Financing Deal for Two L.A. Senior Affordable Housing Projects

U.S. Bank Completes Financing Deal for Two L.A. Senior Affordable Housing Projects

An important financing deal securing the future of two urban senior housing developments in Los Angeles was completed last week when U.S. Bank confirmed that it is providing $55.1 million for the projects. The two affordable housing complexes have groundbreaking ceremonies scheduled this month. U.S. Bank is working with the…

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West Angeles Community Development Corporation Debuts New Community-Helping Project

West Angeles Community Development Corporation Debuts New Community-Helping Project

A brand new development was recently unveiled in the Crenshaw Corridor, bringing the spotlight on an area of the city that has been in serious need of a makeover. The $8.5 million investment was handled by the West Angeles Community Development Corporation and Union Bank and is located at 3501…

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Construction Begins on New Luxury Residential Development in San Gabriel Valley

Construction Begins on New Luxury Residential Development in San Gabriel Valley

Construction has begun on the latest San Gabriel Valley mixed-use development. Hutton Companies recently announced that its new project, La Verne Village, has broken ground and is now set to meet its construction deadline, in Q1 of 2014. The developer is investing approximately $43 million into the luxury apartment community…

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Los Angeles Real Estate Maintains Buzz

Los Angeles Real Estate Maintains Buzz

By Alex Girda With the sale of the Mondrian Los Angeles hotel to Pebblebrook Hotel Trust now closed, the Los Angeles real estate investment market continues to move forward, most recently with Phoenix Realty Group’s purchase of three apartment properties in San Bernandino and Highland.  The total value of the transaction was…

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Vandenberg Air Force Base Military Housing Ends Six-Year Makeover Process

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…

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Upscale Gated Community in Century City Set to Expand After Land Deal

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…

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New Development in City’s Arts District Set to Reopen Market for Condo Homes

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. …

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Two Historic Multifamily Properties Trade Hands as 1920s Charm Makes a Comeback

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,…

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The Desmond will Join Creative Office Building Inventory in L.A.’s South Park District

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…

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Long Beach Senior Affordable Community Finally Holds Groundbreaking

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…

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