La Habra Heights
REAL ESTATE
The ‘Poltergeist’ house has found a buyer, though price is still a mystery
LOS ANGELES - The famous "Poltergeist" house, the central location in the classic Tobe Hooper-directed horror film, has found a buyer less than three weeks after it was placed on the market. In the film, the house hosts ghosts, a tree that tries to snatch children in the night and...
The Forecast is Heating Up for Multifamily Housing Markets
Following a tempered Winter outlook, Summer 2024 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey panelists see multifamily housing poised for growth over the next few years, as slowed development influences demand and vacancy rates. Increased home prices and increased rental rates in California, as well as new laws easing some of the regulatory burden for developers, are reflected in the panelists’ optimism. While fewer panelists are planning new multifamily development than this time last year, the number is higher than compared to Winter 2024. Kitty Wallace, Senior Executive Vice President, Colliers International and Tim Hutter, Partner, Allen Matkins, discuss what the next three years for this sector of the California commercial real estate market.
$65MM of Funding Approved For 296-Unit Affordable Housing at1321 North Mission Road in LA’s Lincoln Heights
The Los Angeles County Board of Supervisors has recently greenlit a new development project aimed at addressing the critical need for affordable housing in Lincoln Heights. The project, located at 1321 North Mission Road, is part of the first phase of the Restorative Care Village expansion and will see the construction of nearly 300 affordable apartment units.
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