Beverly Hills
REAL ESTATE
Beverly Hills illegally rejected plan to build 165 new homes, C.A.R. says
Californians for Homeownership, a nonprofit organization sponsored by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) that aims to address California’s housing crisis through impact litigation, today announced that it has filed a lawsuit against the city of Beverly Hills over its denial of an application to build a 165-unit mixed-use development in the city’s urban core. The lawsuit is the group’s second filed against Beverly Hills, after a Los Angeles County Superior Court judge ruled in its favor in another housing lawsuit late last year.
‘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...
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...
Twelve-Time NBA All-Star Chris Paul Lists Encino Home for $16.5M
NBA superstar Chris Paul is looking to part ways with his Encino farmhouse estate, putting the luxe property back on the market four years after purchasing it. The 12,830 sq. ft. modern farmhouse mansion is now listed at $16.5 million. The spacious 1.35-acre property, tucked away on a quiet cul-de-sac...
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...
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...
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...
From Start to Finish – Buying Your First Condo in DTLA
The journey to condo ownership can be daunting and filled with challenges. First-time condo buyers often face hurdles such as saving for a down payment, securing financing, and finding the perfect property that fits their needs and budget. Financial preparation for buying your first condo involves more than just saving...
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