News
Developers win over Planning Commission for Silver Lake apartments despite public backlash
6+ day, 17+ hour ago (469+ words) Developers secure the go-ahead from the Los Angeles City Planning Commission for an apartment complex in Silver Lake despite local pushback. The commission gave the green light to a proposal from co-applicants Fang Qian Morgan and Seth James Morgan to…...
Kingsbarn and Kelemen swapping offices for 480 homes in Laguna Hills
20+ hour, 47+ min ago (449+ words) Developers to raze seven vacant office buildings to make way for townhomes and apartments Kingsbarn Realty Capital & Development and the Kelemen Company are poised to bulldoze seven vacant office buildings in Laguna Hills to build nearly 500 homes. The respective Las…...
Policy Pro: Manhattan gets a tenant czar, ZD Jasper tests SEQRA reforms
1+ day, 23+ hour ago (284+ words) Manhattan borough president hires a director for tenant organizing Hey there, let's get into today's news at the intersection of policy and real estate: In this edition we mention: Manhattan Borough President Brad Hoylman-Sigal, Director for Tenant Organizing at the…...
The challenge of cheap markets
4+ day, 10+ hour ago (615+ words) Can building luxury rentals pencil out if a 2-BR is $1, 500? Studios for $1, 050 a month, one-bedrooms for $1, 310 and two-bedrooms for $1, 525. Those are actual asking rents for "high end," downtown, market-rate units in the Erdace Apartments, "the epitome of a luxe residence....
Housing Notes: The spring market was delayed by a month
5+ day, 20+ hour ago (244+ words) Unexpected macro events like wars, tend to do that You can see the delay in NAR's Existing Home Sales release for May reflected in the blue month-over-month percentage change. Those large gains reflect the delayed market start, rather than an…...
Alleged rental scammer dodges accountability despite years of complaints
5+ day, 21+ hour ago (398+ words) Dozens say Queens man pocketed money as regulators, prosecutors failed to act A Queens apartment broker stripped of his real estate license more than a decade ago allegedly continued collecting deposits from desperate renters for years, exposing gaps in the…...
Angeleno brings 100 units to vacant lot as affordable housing development dominates LA
5+ day, 21+ hour ago (198+ words) Previous developer planned just 12 homes on Valley Village development site Angeleno Investments is pursuing more affordable housing in the San Fernando Valley." An Angeleno affiliate filed an application with the Los Angeles Department of City Planning to construct a six-story…...
Summer Hill, Cypress plot San Jose office-to-resi redev with affordable apartments
5+ day, 21+ hour ago (351+ words) Silicon Valley housing market feeling heat from AI-powered population boom Summer Hill Homes and Cypress Equity Investments are planning to replace a vacant office building in San Jose with affordable apartments and market-rate houses." The California-based real estate firms are…...
Developer eyes vacant Long Beach gas station for 82 apartments
5+ day, 18+ hour ago (313+ words) City faces nearly 27 K-unit housing target required by state An abandoned gas station in downtown Long Beach is poised to give way to multifamily housing." New Century Development filed an application with the City of Long Beach to demolish the…...
Pulte plots industrial-to-housing conversion in Fremont
5+ day, 16+ hour ago (304+ words) 140-condo development follows firm's 145 single-family community in East Bay city Pulte Homes is moving forward with more housing in Fremont." The Pulte Group home building subsidiary is planning to build 140 condominiums, including 21 affordable units, on a former industrial and storage…...