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REAL ESTATE
Nearly 400 commercial properties sit empty in Long Beach; those in power really want to change that
The large number of vacancies persists despite Long Beach having among the cheapest rents for downtown markets in LA County. The city hopes a new mapping tool can help. The post Nearly 400 commercial properties sit empty in Long Beach; those in power really want to change that appeared first on Long Beach Post.
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.
12-Unit Manhattan Beach Property at 1701 Artesia Listed for $20MM
An apartment investment opportunity has emerged in the desirable Manhattan Beach community. A twelve-unit property at 1701 Artesia Boulevard, priced at $20,000,000, or around $1.67 million per unit, offers discerning investors a chance to acquire a versatile asset in one of Southern California’s most desirable coastal cities. The property...
$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.
$15 million deal approved to help residents at Chinatown housing complex
For 35 families at Hillside Villa, their once affordable housing in Chinatown is on the fast track to becoming unaffordable. "We are all stressed, a lot of stress," Hillside Villa resident Sonia Rodriguez said in Spanish. "I am fighting for housing, not only for me but for my grandson."Residents have been fighting rent hikes and evictions since 2020 after the complex's 30-year affordability agreement expired. On Thursday, they held a closed-door meeting to talk about their options since the city's homeless and housing committee approved a $15 million deal in April, extending the contract and subsidizing rent for some of the...
Estate once owned by Oklahoma's Will Rogers sells for $14M: Take a look inside
The mansion of Oklahoma native Will Rogers, Hollywood’s highest-paid 1930s actor and esteemed vaudevillian actor, just sold for $14 million in July in Los Angeles. Rogers was born on Nov. 4, 1879, in what would soon become Oologah, Oklahoma. Roger’s acting career spans 50 silent films, 21 “talkies” and he penned over 4,000...
L.A. approves $100M affordable housing plan with ‘mansion tax’ cash
The Los Angeles City Council has unanimously approved groundbreaking legislation to develop social housing. The proposal allocates $100 million from Measure ULA, also known as the “mansion tax.”
95-Unit Affordable Housing Development Proposed at 4464 Sepulveda Boulevard in Culver City
A new affordable housing project, Jubilo Village, has been proposed for development at 4464 Sepulveda Boulevard in Culver City. This six-story complex is poised to bring much-needed affordable housing to the area, catering to families and creating a vibrant community space. The project, developed by Community Corp. of Santa Monica...
Lendlease, Aware Super Close on Financing for Culver City Mixed-Use
Lendlease and joint venture partner Aware Super closed on $316 million in construction funding for Habitat, an office, multifamily and retail project at 3401 S. La Cienega Blvd., according to published reports. Scheduled for completion in 2026, Habitat will comprise a six-story office building, a 260-unit, 12-story apartment building and 2,900 square feet of retail.
343 Acre Lakefront Estate In Vermont Lists For $22.9 Million
Listed with Jessica Bridge of Element Real Estate (802) 497-2575. LOCATION: 1044 Grosse Point Road, Ferrisburgh, Vermont. This 343-acre lakefront estate is located at 1044 Grosse Point Road in Ferrisburgh, Vermont. It features a main house, 6 additional homes, storage barn and an equipment barn. The grand stone main house...
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