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Yucaipa acquires land after $4.5 million loan defaults

Yucaipa acquired approximately 80 acres of vacant land off Oak Glen Road through foreclosure in October after a $4.5 million loan to Koy Builders Inc. went into default. It left questions about the original lending terms, the property’s value and the financial implications for taxpayers. Michael Kooyman, owner of Koy Builders, and the property, died by suicide. Records reviewed for this story do not establish a connection between his death and the loan. The city council approved the loan in December 2023, under a different city manager (Chris Mann) and council (Justin Beaver, Chris Venable, Jon Thorp, Matt Garner and Bobby Duncan), agreeing to lend Koy Builders $4.5 million at a fixed annual interest rate of 7%. The loan was secured by a deed of trust on the property, and the city also obtained an option to purchase it for $5.475 million. According to trustee’s sale records, the property was sold to the city for $5,087,014 at a public auction Oct. 8 at the San Bernardino County courthouse. The sale followed a notice of default signed June 1, 2026, which stated that $413,784 was owed as of May 1 and that the amount would increase until the account became current.

Yucaipa, CA · 3d
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hoodline.com

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Inland Empire Rents Set to Climb Fastest in SoCal Through 2029, USC Forecast Finds

Southern California renters should brace for higher bills no matter where they live, but nowhere will the climb be steeper than the Inland Empire, according to a forecast the University of Southern California released Tuesday. Riverside and San Bernardino counties, treated together as a single Inland Empire market in the forecast, are projected to see average annual rent growth of 2.4% over the next three years — the fastest pace among five Southern California markets studied.

Southern California, CA · 2d
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thealpinemountaineer.com

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Ask the Realtor: The real value of mountain living? It’s all about community

Real estate value is about more than square footage, location or the latest kitchen remodel. It’s also about the community surrounding that home. After all, what keeps property values from riding a death-defying rollercoaster? And why do people choose one neighborhood over another when the homes themselves might be remarkably similar?

San Bernardino, CA · 2d
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citywatchla.com

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LA Has Many Vacant Apartments, But The Homeless And Overcrowded Cannot Afford Them

PLANNING WATCH - LA has a new Mayor. But if you now expect major changes from her, let me set you straight. The new mayor, Nithya Raman, may have a different personality, age, and separate supporters from the defeated mayor, Karen Bass, but they have much more in common than their differences. And if you think that things in Los Angeles will be substantially different under the new mayor, it is time for you to reconsider.

Los Angeles, CA · 1d
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Fox Business

partner publisher · 239.7K followers

Housing expert blasts 'absurd' California red tape keeping affordable homes out of reach

Mitch Roschelle says California bureaucracy is hindering affordable housing development in Los Angeles despite laws allowing additional housing units, calling the ‘blue tape’ ‘absurd.’

California · 3d

Eater

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Nancy Silverton Opens LA’s Most Hopeful Restaurant in Pacific Palisades

Altadena and its vibrant restaurant community have been well documented in the aftermath of the Eaton Fire that devastated the neighborhood; the Pacific Palisades has, so far, had less of a comeback, with fewer rebuilding permits issued to businesses. In the Palisades, though many residential buildings are in full rebuild, with construction crews scattered throughout the seaside borough, many families have opted not to return.

Los Angeles, CA · 1d

Los Angeles Times

partner publisher · 778.8K followers

Inside the $40-million renovation of an Art Deco gem in bustling Leimert Park

After five phases of renovations over 20 years, totaling $40 million, the Vision Theatre in Leimert Park will reopen with 'A Proud Family Wizmas.'

Los Angeles, CA · 17h

hoodline.com

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North Hills Motel 6 Becomes 111-Unit Homeless Housing After Years-Long Conversion

A Motel 6 near the 405 freeway on Roscoe Boulevard in North Hills has been converted into 111 units of interim housing, according to the New York Post, with the project tied to a state-funded effort to turn old motels into shelter for homeless Californians. The building will be run by a San Fernando Valley nonprofit that says residents will get three meals a day along with case management and housing navigation.

Los Angeles, CA · 13h

ghnnc.org

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LA City Council Moves to Ease ADU Construction Rules

Los Angeles homeowners with pending accessory dwelling unit (ADU) projects could soon see relief from costly stormwater requirements that have delayed residential construction. The Los Angeles City Council voted unanimously, 14-0, to move forward with a proposal that would simplify approval requirements for certain small residential projects submitted before the...

Los Angeles, CA · 1d

wehoonline.com

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Melrose Triangle Gets Another New Look. Now Can They Build It?

There’s a new look for West Hollywood’s infamous hole in the ground — the Melrose Triangle. Whether we’ll ever see it built is another story. The Charles Company released another set of renderings for its long-delayed project at 9060 Santa Monica Boulevard. The infamous property at the intersection of Santa Monica Boulevard, Melrose Avenue and Almont Drive.

West Hollywood, CA · 11h

hoodline.com

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Florence-Firestone County Lot Eyed for Affordable Housing as County Considers Development Talks

A vacant county-owned lot on Central Avenue in Florence-Firestone could be transformed into affordable housing, public open space, commercial space and parking under a recommendation that went before the Los Angeles County Board of Supervisors this week. The proposal centers on a 13,000-square-foot parcel at 7700 South Central Avenue, which county officials are considering pairing with a plan to hand over a nearby vacant building to a local community group.

Los Angeles County, CA · 1d

citywatchla.com

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Foreclosure Is Not the Only Exit: Financial Options for Homeowners Falling Behind

HOUSING - What if you were to miss one payment on your mortgage? Would you lose your home?. There are still options available to you, such as payment assistance, selling your home or getting approved by your lender to walk away from your property. This also comes into play if...

Los Angeles, CA · 3d

Santa Monica Next

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Council Preview: City Eyes Deal to Build 301 Affordable Homes on City-Owned Land Near Downtown

At next Tuesday’s City Council meeting, the council will consider a deal to sell seven city-owned parcels near the Expo station to a developer proposing 301 affordable apartments, along with a large self-storage facility (Agenda, Item 4J.) The item is currently on the consent calendar, meaning staff expects it to be uncontroversial and pass unanimously.

Santa Monica, CA · 1d

DMR News

partner publisher · 4.2K followers

The Taylor Weiner Team Gives Self-Employed Southern California Borrowers a Path Forward After a Bank Says No

Seal Beach mortgage team powered by Lower, LLC focuses on non-QM home loans for business owners, 1099 contractors and real estate investors across California The Taylor Weiner Team, a Seal Beach mortgage team led by Sr. Mortgage Advisor Taylor Weiner (NMLS 263090) and powered by Lower, LLC (NMLS 1124061), is putting its focus on non-QM […]

Seal Beach, CA · 2d

latination.com

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California beachfront home becomes the most wanted after a wave destroys it

The unique luxury property is a beachfront home in Long Beach that captured the attention of the community and investors. The destructive waves of Tropical Storm Rachel triggered a drastic price drop to attract real estate developers. Speculators see this coastal disaster as a golden opportunity amid high construction interest...

Long Beach, CA · 4d

CBS LA

partner publisher · 287.1K followers

Southern California rent to rise through 2029, USC forecast says

In their economic report for the next three years, USC researchers forecast that rents in Southern California will grow 1.4% to 2.4% between 2026 and 2029.

Los Angeles County, CA · 3d

ncw.news

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What Should Landlords Ask Before Hiring A Property Manager? Advice From A Los Angeles Broker

Hiring a property manager is one of the biggest decisions a landlord makes, whether the rental is in a small town or a major city. Jesse Sasomsup helps owners make that decision in Los Angeles, California, a market where local rental rules change often and a misstep can be costly.

Los Angeles, CA · 3d

KPBS

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San Diego apartment boom helps ease rent pressures, USC forecast says

San Diego County rents are expected to rise through 2029, but a recent boom in apartment construction helped make the county more affordable than neighboring Orange County, according to a University of Southern California forecast released Tuesday. The USC Lusk Center for Real Estate's Casden Real Estate Economics Forecast projects...

San Diego County, CA · 3d

ladailymirror.com

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November 10, 1907: Story of L.A. Real Estate Is Dislocation, Dislocation, Dislocation

Note: This is an encore post from 2006. What sort of monument do we leave for real estate developers? For John B. Althouse, who built hundreds of homes in the Wilshire district, as well as the West Adams district and the San Gabriel Valley, the answer might be nondescript offices and vacant lots.

Los Angeles, CA · 3d