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REAL ESTATE
Mandy Moore’s Mid-Century Modern in Pasadena Available for $6M
Actress and singer Mandy Moore has listed her exquisite midcentury modern home in Pasadena for $6 million. The residence, designed in 1955, embodies refined simplicity and seamless indoor-outdoor living. Beyond the stacked brick facade, terrazzo floors etched with brass inlays welcome guests inside. Carefully chosen brass lighting fixtures continue this...
Column: Long Beach needs tens of thousands of new homes to address the housing crisis
Last week I wrote a column about how other cities are building tens of thousands of new homes to address the housing crisis. Long Beach has been lagging far behind the production in cities like San Diego and Oakland. Just 635 homes were permitted in 2023, according to housingdata.app. That’s not enough.
A Striking Midcentury Time Capsule Is Up for Grabs in Pasadena at $1.6 Million
This one-of-a-kind gem designed by noted modernist architect Lawrence Test is now on the market in Pasadena’s affluent Linda Vista neighborhood, asking a speck over $1.6 million. The listing is held by Brian Linder with The Value Of Architecture at Compass.This Modernist South Carolina Home Was Designed Around Specimen Oak Trees. It Can Be Yours for $11 Million. Built for plywood industry executive C.H. “Henry” Hernly way back in the late 1940s and thoughtfully maintained by its second owners for the past 58 years, the single-level residence is essentially original throughout. Think authentic details ranging from oak parquet floors and...
New 163-Unit Affordable Housing Project Breaks Ground in Long Beach's Midtown
The City of Long Beach has officially embarked on a journey to expand its affordable housing inventory with the groundbreaking of 1400 Long Beach, a new 163-unit complex catering to low-income families. Located in the heart of Midtown, the project aims to transform a previously vacant lot into a community-enhancing residential space. Mayor Rex Richardson, at the ceremony said, "We are thrilled to begin construction for this exciting project in Midtown," and emphasized the city's ongoing mission toward increasing affordable housing availability.
Raising Cane’s in Carson Sold for $7.5MM, Completing Buyer’s 1031 Exchange
CBRE has announced the sale of a single-tenant net lease property, occupied by Raising Cane’s Chicken Fingers Drive-Thru, in Carson, Calif. The property sold for $7.53 million, representing a cap rate of 4.65%. CBRE’s Senior Associate George Felix and Executive Vice President Dan Blackwell represented the buyer, a repeat...
Successful Transaction: Historic 612 S. Broadway sold for $16M
The historic building at 612 S. Broadway was sold for $16 million, according to Cushman & Wakefield. The sale of the 80,000-square-foot landmark in DTLA’s historic core was brokered by the Cushman & Wakefield team of Mike Condon Jr., Erica Finck, Reid Gratsch, Brittany Winn, and Kylie Rawn, in partnership with Mark Zakarian.
300+ Echo Park apartments, $6.5 million Los Feliz home, & other real estate news
Here's your rundown of Eastside real estate news. A large mixed-use complex has been approved for the corner of Sunset Boulevard and Everett Street by the City Planning Commission, and it now goes to the City Council, Urbanize reported. Plans call for 327 apartments, parking for 263 vehicles, and ground-floor commercial space. That's much larger than was previously proposed a decade ago. Construction should take about 30 months, and could start at the end of this year, Urbanize said.
Above Par: Pro Golfer Michelle Wie West Sells Her Standout Encino Estate for $6M
Pro golfer Michelle Wie West just found a buyer for her lavish Encino, CA, estate. She put the ace of a place on the market in January for $6,495,000, then dropped the price to $6,299,000 in April. It sold this month for $6,025,000. According to Realtor.com records, the pro golfer...
Two Separate Orange County Apartment Sales Total $21MM
Two separate transactions in Laguna Beach and Newport Beach totaling over $21 million have set a new benchmark for apartment prices in Orange County. The sales — which closed in June 2024, according to the Orange County Business Journal — demonstrate the robust demand and premium pricing for coastal properties in the region.
Developer Offloads Huntington Park Senior Housing
VP Tom Papoulias of Coldwell Banker Commercial West arranged the sale of the Seville Gardens Apartment Community, a 225-unit senior housing apartment complex located at 2701 Randolph St. in Huntington Park The transaction closed at $33,750,000. Papoulias represented the seller, Seville Gardens, LLC. The buyer, Equity Consultants Equity, Inc., plans...
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