Lakewood
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...
McDonald’s Drive-Thru Sold for $3.85MM to Fountain Valley Buyer
Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, in conjunction with Oaks Commercial Real Estate, announced today that the two firms arranged the sale of a single-tenant property occupied by a McDonald’s Drive-Thru in Fountain Valley, California. The sale price was $3.85 million for the absolute triple-net ground lease, representing a 3.55% cap rate.
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...
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...
Home Affordability Got Tougher During Q2 2024
ATTOM reported major home-ownership expenses now consume 35% of average wage nationwide. ATTOM today released its second-quarter 2024 U.S. Home Affordability Report, which revealed that median-priced single-family homes and condos remained less affordable in the second quarter of 2024 compared to historical averages in 99% of counties around the nation.
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...
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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