Lomita
REAL ESTATE
Highest Priced Home Ever Sold in Manhattan Beach, CA for $24.5MM
MANHATTAN BEACH, Calif., July 15, 2024 — Today, Equity Union Real Estate announced that Ty Bergman closed escrow on 1800 The Strand at a record $24,500,000, the highest price sale ever reported on the MLS in Manhattan Beach. The previous highest price sale in Manhattan Beach was $21 Million.
The Richman Group Affordable Housing Opens Largest Housing Development for Unhoused in Los Angeles with 278-Unit Weingart Tower
LOS ANGELES, CA - Weingart Center and Chelsea Investment Group, The Richman Group, a leading developer and syndicator of affordable housing, announced the grand opening of Weingart Tower 1, the largest homeless housing project in Los Angeles history. The grand opening held on June 19, 2024 featured the 278-unit, 19-story affordable apartment community in the heart of the Skid Row District which stands as a beacon of hope and a significant step forward in the city's commitment to addressing homelessness.
64,146 SQFT Commercial Property Hits the Market in Westlake Village
A new commercial real estate opportunity has become available in the heart of Westlake Village in Los Angeles County. Situated at 31111 Agoura Rd., this property consists of a 64,146-square-foot building on a 4.04-acre lot, currently offered at a negotiable “Best Offer” price, according to an offering brochure from CBRE. The property, which is currently owned by an entity affiliated with Pacifica Real Estate Group, presents a unique investment prospect for both owner-occupiers and investors seeking to capitalize on the region’s market. It was last sold in 2014 for $13.6 million, or roughly $212 per square foot.
$65MM Bond Financing Approved for Inglewood Affordable Housing Project
In a move designed to address the affordable housing crisis, the Los Angeles County Board of Supervisors has approved up to $65 million in bond financing for a new affordable housing complex in Inglewood, according to a Los Angeles County Development Authority resolution. The project, located at 400 Centinela Avenue, just north of Florence Avenue, is a joint venture between Venice Community Housing and the Social Justice Learning Institute (SJLI).
Echo Park Multifamily Sells Midway Through Construction
Marcus & Millichap arranged the sale of 319 N, Westlake Ave., a fourteen-unit apartment property located in the Echo Park submarket of Los Angeles. The asset sold for $3.45 million, or $246,429 per unit and $210.35 per square foot. The property sold midway through construction and was one of the first partially complete apartment buildings to sell in this market cycle.
Nuveen Green Capital Closes $90.4 Million in C-PACE Financing
DARIEN, CONN.—Nuveen Green Capital, a leader in sustainable commercial real estate financing solutions, announced that it has closed on both the Thompson Hollywood and the tommie Hollywood in Los Angeles, for a combined total of $90.4 million in C-PACE financing to recapitalize both properties. C-PACE (Commercial Property Assessed Clean...
Kidder Mathews Expands Expertise with Three Key Additions to Valuation Advisory Services
Kidder Mathews welcomes appraisal team, Babak Sammak, Michael Thiel, MAI and Tommy Stuebe, specialists in market-rate and affordable multifamily properties, to the firm’s Valuation Advisory Services in San Diego and Los Angeles. Sammak and Thiel have been named senior vice presidents and will office in San Diego, while Stuebe...
LA City Planning Commission Greenlights 327 Apartments at 1185 Sunset Blvd. in Echo Park
The Los Angeles Planning Commission has officially approved a revised plan for a sizable new development at the corner of Sunset Boulevard and Everett Street in Echo Park. On July 11, Aragon Properties Corp. received the go-ahead to construct a mixed-use project featuring 327 apartments and ground-floor retail space, which The Registry first reported in August 2023.
Building a Real Estate Empire: The Journey of Gerardo Peralta Diaz
As the founder and CEO of Golden View Investments, Gerardo Peralta Diaz has genuinely sculpted a very distinct path within the notoriously competitive realm of real estate investment. His multifaceted journey through the field has served as evidence of his passion, perseverance, and weighty devotion to taking challenges and molding them into unrivaled opportunities.
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.