Redondo Beach
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.
JUST LISTED: Vintage Prime Hancock Park Adjacent Home with Romantic Courtyard
3 Bedrooms + 2 Baths | 1,803 Sq. Ft. Romantic courtyard setting defines this vintage Spanish home in a prime location waiting for the next owner to take it to the next level. This 3 bedroom, 2 bathroom home has a unique floor plan, wrapped around a private courtyard, a perfect gathering place for dining, socializing, or reading a good book. The large living room has high barreled ceilings, a decorative fireplace, and French doors flowing to the courtyard. Formal dining room. Kitchen with separate laundry room. Large primary bedroom overlooking the interior courtyard with French doors to an inviting private rear yard. Two additional bedrooms, one with a private bathroom and hallway bathroom round out the house. The house is near upscale dining, boutique retailers, home furnishings, art galleries, coffee shops, yoga, gyms, Ralphs, Trader Joes, and so much more. Highly coveted 3rd Street Elementary School. The house has deferred maintenance and awaits the next enthusiastic buyer. Sold in its “AS IS” condition with no credits towards repairs or improvements.
$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).
12,774 SQFT Mixed-Use Development Opportunity Hits the Market in Beverly Hills
8633 Wilshire Blvd. in Beverly Hills is now available for acquisition, presenting a unique development opportunity in one of the world’s most coveted markets. The 0.29-acre site is fully entitled for a 43,560-square-foot, Class A, four-story office/medical building, according to an offering brochure from CBRE. Alternatively, under the BHC3 mixed-use commercial zoning, developers have the option to re-entitle the site and construct a mixed-use project of up to 35 residential units with 3,700 square feet of commercial space.
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.
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...
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...
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.
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