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hoodline.com

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L.A. Homes Cost 66.8% More Than Inland Suburbs, Highest Among 21 Biggest U.S. Metros

Homes in Los Angeles County sold for 66.8% more than homes in the surrounding suburbs in June, a gap wide enough to give Los Angeles the largest urban-core price premium relative to its suburbs among the 21 biggest U.S. metropolitan areas. The comparison measured Los Angeles against Riverside, San Bernardino and Ventura counties, and it came paired with an even starker figure: buyers in L.A.'s urban core pay an 84.7% premium per square foot compared with those surrounding areas.

Los Angeles, CA · 15d
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inewsource

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How do you get a housing permit in California? He can hook you up, for a fee

This story was originally published by CalMatters. Sign up for their newsletters. Tanner “The Planner” Blackman does not swing hammers or lay foundations. He does not raise funds or finesse land deals. He does not draft blueprints, write contracts, test soil conditions or calculate the varied seismic loads that a new building can sustain.

California · 15d
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themortgagepoint.com

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California Coastal Erosion Puts Billions in Property Value at Risk

When you think of the California coastline, certain images come to mind: surfers, sunshine, sea breezes, and beautiful beachfront homes. Realtor.com reported that without intervention, 24% to 75% of the state’s beaches could disappear seasonally or permanently by 2100 as seas rise, according to models cited in California’s newly released Fifth Climate Change Assessment.

California · 16d
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hoodline.com

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Koreatown Lot Swaps 15-Unit Apartment Plan for Eight Townhomes Near Metro

A vacant lot at 146 N. Berendo St. in Koreatown that once had ready-to-issue permits for a 15-unit apartment building is now being eyed for a much smaller townhome project, with plans calling for eight dwellings arranged around a common driveway. The 7,500-square-foot site sits about a block from Vermont Avenue and within walking distance of the Vermont/Beverly Metro Station.

Los Angeles, CA · 14d
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Los Angeles Times

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How a clash between Inglewood leaders and SoFi Stadium operators hit the ballot

Ballot measures regarding billboards and ticket sales highlight a protracted dispute between Inglewood and its NFL team the Rams.

Inglewood, CA · 16d

The Cool Down

partner publisher · 249.4K followers

Renting in Los Angeles beats buying by $4,544 a month, and demand is surging

Rental demand in the Los Angeles metro area climbed 25.9%, outpacing the national increase of 19.2%.

Los Angeles, CA · 17d

citywatchla.com

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Los Angeles Can’t Fix Housing Until It Fixes the Bureaucracy That Broke It

NICK’S VIEW - Europe this past week offers Los Angeles a stark warning: across several countries, unaffordable housing has pushed frustrated residents from peaceful marches to street clashes, arson, and looting. A major factor behind the protests is the collapse of attainable housing which forms part of a broader...

Los Angeles, CA · 16d

hoodline.com

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Redondo Beach Clears 24-Unit Apartment Project Replacing Commercial Site on 190th

A four-story apartment building with 24 homes and a slice of ground-floor retail just got the green light in Redondo Beach, set to replace an existing commercial building at 2701 190th Street. The project will use an existing 35-car garage, and it includes four units set aside for very low- and moderate-income renters.

Redondo Beach, CA · 17d

connectcre.com

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Bridge Logistics Acquires Truck Terminal in Off-Market Deal

Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings LLC, has acquired 12903 Lakeland Rd., a 21.3-acre truck terminal in Santa Fe Springs, in an off-market transaction. The property is fully leased to XPO, Inc, a leading freight transportation company, and represents a rare large-scale logistics asset in one of Los Angeles County’s most supply-constrained industrial markets.

Santa Fe Springs, CA · 16d

layimby.com

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300-Foot Apartment Tower Proposed at 6409 Sunset Boulevard In Hollywood

A new residential tower is proposed for 6409 West Sunset Boulevard in Hollywood, between Cahuenga Boulevard and Ivar Avenue. The 27-story development would contain 239 apartments, including 37 income-restricted homes for very low- and moderate-income households, along with 5,951 square feet of ground-floor retail space and 227 parking spaces. Galaxy Holdings LLC is the developer. G&R Sunset LLC owns the property, with SCB Architecture designing the tower and RELM Studio serving as landscape architect.

Los Angeles, CA · 16d

multihousingnews.com

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E&S Ring Lands $96M Refi for 1,500-Unit SoCal Portfolio

The properties are throughout Los Angeles and the Inland Empire. E&S Ring has obtained a $95.8 million refinancing loan for a six-property portfolio comprising 1,461 units throughout Los Angeles and the Inland Empire. Northmarq arranged the note issued by Voya Investment Management, the same lender that previously financed four of...

Los Angeles, CA · 16d

hoodline.com

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Hollywood Developer Swaps Old Art Deco Hotel Plan for 27-Story Tower on Sunset

A half-acre lot on Sunset Boulevard that was once destined for an Art Deco hotel tower is now the site of a far taller proposal: a 27-story apartment building with 239 units. Galaxy Commercial Holdings filed the application with the Los Angeles Planning Department on October 21, seeking to bring 239 one-, two- and three-bedroom apartments, including 37 reserved for very low- and moderate-income renters, to 6409 Sunset Boulevard in Hollywood.

Los Angeles, CA · 16d

theeastsiderla.com

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A new apartment building stacks up quickly in East Hollywood

East Hollywood—The seven-story building on Vermont Avenue seemed to rise overnight. The affordable housing project at 1140-1159 N. Vermont Ave. has already topped out, just a few months after cranes started hefting 290 prefabricated apartments into place. This kind of "modular" construction has been showing up in recent affordable...

Los Angeles, CA · 16d

diyatvusa.com

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Nithya Raman apologizes for invoking Daryl Gates in mayoral debate

LOS ANGELES (Diya TV) — Los Angeles mayoral candidate Nithya Raman apologized Wednesday for citing former Police Chief Daryl Gates during a debate, saying she made a mistake and did not mean to praise him. The apology came as Los Angeles County Supervisor Lindsey Horvath endorsed Raman in her challenge to Mayor Karen Bass.

Los Angeles, CA · 16d

mynewsla.com

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Cal State Fullerton Economists Predict No Recession

The U.S. economy is expected to avoid a recession in 2027, but Southern California will face sluggish job growth and persistent housing affordability problems, according to an economic forecast released Thursday by Cal State Fullerton researchers. The forecast, prepared by economists Anil Puri and Mira Farka of the university’s Woods...

Orange County, CA · 16d

rolling out

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Los Angeles County property owners can get refunds

Storm season in Southern California has a way of leaving more than physical damage behind. The financial fallout from flooding and structural loss can stretch on for months, and for many homeowners the property tax bill keeps arriving regardless of what the house looks like. Los Angeles County is now renewing a program designed to change that equation, and the threshold to qualify may be lower than most affected owners realize.

Los Angeles County, CA · 19d

multihousingnews.com

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Northwind Group Closes $1B Debt Fund

It's already deployed capital for several nine-figure deals. Northwind Group has made the final close of its Northwind Debt Fund III with $1 billion in committed capital. The vehicle doubled its $500 million target. It’s the largest fund in Northwind’s history, which launched its flagship real estate credit strategy in...

Los Angeles, CA · 17d

argonautnews.com

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A Voice for Housing: Rent Control Board chair campaigns for tenant rights and housing access

While running for Santa Monica City Council and serving as chair of the Santa Monica Rent Control Board, Ericka Lesley has made advocating for housing a deeply personal mission. Lesley is the first Black woman to hold that role. She advocates and works to protect tenants by addressing housing issues,...

Santa Monica, CA · 17d

citywatchla.com

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Nithya Raman Wants City Hall. First, Explain the $87 Million

THE BOTTOM LINE - Nithya Raman wants Los Angeles voters to trust her with one of the most difficult jobs in America. Before voters give her the keys to City Hall, however, she should answer a much simpler question: What happened with the money?. Los Angeles City Attorney Hydee Feldstein...

Los Angeles, CA · 19d