Baldwin Park
REAL ESTATE
‘Million Dollar Listing: Los Angeles’ stars warn ‘not just rich people’ affected by city’s ‘mansion tax’
Just because "Million Dollar Listing: Los Angeles" stars Josh and Heather Altman are on television doesn’t mean they aren’t also wrestling with a complicated housing market. "The main difference that most of the viewers are going to recognize is just the fact that we're not in a crazy...
Costco breaks new ground with mixed-use concept in Los Angeles
If Costco can sell gold bars, there is no telling what the warehouse retailer can do. It appears the company is expanding its scope even further to include affordable housing, reports SFGate. A five-acre area that formerly held a hospital was approved in South Los Angeles in the Baldwin Village/Crenshaw...
An Architecturally Significant Modernist ‘Treehouse’ Is up for Grabs in L.A. at $2.4 Million
Back in 2015, when Piper Mavis was seeking a place to live in the Los Angeles neighborhood of Silver Lake, the visual artist ran across a particularly intriguing home cantilevered into a steep hillside. Though it was out of her budget and had an especially precipitous staircase leading up to the living space, she attended an open house anyway and was instantly captivated by the picturesque views overlooking the iconic Hollywood Sign and Griffith Observatory.'Spy Kids' Filmmaker Asks $8.9 Million for a Snazzy Waterfront Home in Texas Soon after, Mavis came to find out that the 1960s structure had the added...
Construction Starts on Affordable Housing Project in Altadena
Nonprofit housing organization EAH Housing has begun construction on Agave, a 58-unit affordable housing development in Altadena. The project, in partnership with Union Station Homeless Services, is aimed at providing permanent supportive housing for formerly unhoused individuals. “As many cities in LA County, Altadena is dealing with a rapidly growing...
Scrambling CA homeowners consider ‘going without insurance’
Ray Barrios lives in one of many large, single-family homes that line the squiggly, narrow streets of Brentwood. The community is manicured. Planned. Developed. No “wildland urban interface” here. The flammable hills just north of this LA neighborhood that look like typical tinder – open dry grass or trees with dense undergrowth – feel far away.
Altadena’s 26,249 SQFT Chase Plaza Hits the Market for $11.8MM
Located in a high-traffic commercial district, Chase Plaza presents a potentially compelling investment opportunity for those seeking a well-established property with strong potential for growth. This two-story retail and office complex, built in 1959 and renovated in 1991, offers a central location on a signalized corner, providing high visibility and easy access for both customers and tenants. According to a release from Sync Brokerage, the offering price is $11.8 million or roughly $450 per square foot.
Self-Storage Near USC Main Campus Secures $24M Refi
Tremont Realty Capital announced the closing of a $23.8-million loan to recapitalize 2515 S Broadway, an 80,000-square-foot self-storage facility branded as Extra Space Storage and located in Los Angeles. The lender is Seven Hills Realty Trust, which is managed by Tremont Realty Capital. The first mortgage bridge loan has a...
The Growing Trend of Mini Apartments in Los Angeles’ Housing Market
The architecture and housing industries in Los Angeles are changing rapidly as more people move to the city and housing prices rise. One major trend is the move towards smaller living spaces, known as mini apartments. This trend is growing as people look for more affordable and practical housing without...
Average rate on a 30-year mortgage climbs for the first time since late May to just under 7%
LOS ANGELES (AP) — The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May. The rate rose to 6.95% from 6.86% last week. That’s according to mortgage buyer Freddie Mac on Wednesday. A year ago, the rate averaged 6.81%. The uptick follows a four-week pullback in the average rate, which has mostly hovered around 7% this year. When rates rise they can add hundreds of dollars a month in costs for borrowers. The elevated mortgage rates have been a major drag on home sales, which remain in a slump dating back to 2022.
Housing organization sues City of Beverly Hills after developer's application rejected
The City of Beverly Hills is accused of refusing to acknowledge the completeness of a developer's application. The California Association of Realtors says it's an increasingly common tactic. A non-profit organization affiliated with the California Association of Realtors has filed a lawsuit against the City of Beverly Hills in Los...
This $13.1 Million Mansion Is One of the Most Expensive Homes on the Market in Whistler.
David Beckham and Justin Bieber are known to hit the slopes at Whistler Blackcomb, North America’s largest ski resort, but the area’s classic chalet-style housing also makes the Canadian mountain town a skier’s paradise. Last year, a striking mountaintop home by Patkau Architects landed on the market for $12 million in the area, and now, a nearby residence that’s part of the ski-in/ski-out Sunridge Plateau neighborhood has come up for grabs as one of Whistler’s most expensive homes on the market.An Architecturally Significant Modernist 'Treehouse' Is up for Grabs in L.A. at $2.4 Million The three-story mansion at 3824 Sunridge Drive is currently the third-highest-priced...
Storied Real Estate Family Business Acquired by Fifth Generation
In a significant transition for a long-standing Los Angeles real estate dynasty, Pasadena native and seventh-generation Southern Californian John (Jack) Dunn has acquired Conway Real Estate Services, a property management firm deeply rooted in the region’s history. The sale, finalized in mid-2024 after beginning the transition in mid-2023, marks...
15,710 SQFT Pique Anaheim Retail Center Listed for $12.5MM in Orange County
A unique investment opportunity has hit the market in the heart of Anaheim’s Platinum Triangle: a fully occupied, 15,710-square-foot multi-tenant retail strip center. This property is positioned to benefit from the region’s economic growth, particularly in the tourism sector, which attracts 25 million annual visitors and generates $16 billion in spending within Anaheim alone, according to an offering brochure from Hanley Investment Group.
Hollywood’s Urbanlux Fleur Premium Apartments Secures $30.3MM Refinancing
In the heart of Hollywood, the Urbanlux Fleur Premium apartments has secured millions in refinancing from First Foundation Bank. The 136-unit complex, situated at 1530 North Poinsettia Place in Los Angeles, recently secured a $30.3 million refinancing loan, according to a report from the Commercial Observer. The loan — a...
Newmark Adds Multifamily Powerhouse in Century City
Dean Zander has joined Newmark as vice chairman, based in the Century City office. He brings more than three decades of experience in the multifamily sector throughout Southern California, closing transactions valued at more than $11.9 billion across 58,000 units over the course of his career. Zander will work with...
Welcome to NewsBreak, an open platform where diverse perspectives converge. Most of our content comes from established publications and journalists, as well as from our extensive network of tens of thousands of creators who contribute to our platform. We empower individuals to share insightful viewpoints through short posts and comments. It’s essential to note our commitment to transparency: our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. We strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation. Join us in shaping the news narrative together.