MARKET NEWS
Developers have filed for 1K+ affordable housing units under city program: report
The Real Deal Los Angeles
The city’s Transit-Oriented Communities program went into effect nearly 10 months ago, and in that time, it has helped put more than 1,000 affordable housing units in the pipeline. The Department of City Planning released its progress report on Monday, showing that developers have filed to build 1,145 affordable units as part of 112 market-rate developments. Those affordable units make up 20.5 percent of the 5,571 units proposed through the program, which went into effect ...
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Here are LA County’s top 5 office investment sales in June
The Real Deal Los Angeles
The nine-digit sale of a large Torrance office campus topped the list of the largest office investment deals last month and was the only one to break the $100 million mark. The top-five sales of June totaled $401.3 million and were spread around Los Angeles County, from Chatsworth in the San Fernando Valley down to Torrance in the South Bay. The numbers were compiled using data from PropertyShark. 1. Torrance Technology Campus — FRM Associates| ...
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Vista Investment Group acquires ground lease at Media Park Santa Monica
The Real Deal Los Angeles
Vista Investment Group, a Santa Monica-based firm, acquired a leasehold interest on a fully leased office campus in Santa Monica for an undisclosed amount, the company announced Monday. The seller is Redwood Real Estate Partners, which acquired the ground lease on the property in 2013, also for an undisclosed amount. Located at 1813 Centinela Avenue, adjacent to the Metro Expo Line, the 5.22-acre adaptive reuse site features a 101,400-square-foot office campus, which includes three recently ... ...
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Chipotle inks deal for 2 floors at Irvine Co.-owned building at Newport Center
The Real Deal Los Angeles
Chipotle, the fast-casual Mexican food chain, has signed a deal to occupy two floors at an office building at Newport Center, just steps from Fashion Island, a bustling retail complex in Newport Beach. The firm will be subleasing from CareerBuilder, which occupies nearly 23,000 square feet at 610 Newport Center Drive, the Orange County Business Journal first reported. The sublease term runs through September 2020, according to marketing materials from JLL, the listing brokerage. In ...
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Will real estate developers seize on “Opportunity Zones” tax incentive?
The Real Deal Los Angeles
A short drive from downtown Miami, colorful murals highlight the Haitian diaspora and pink and yellow island-themed buildings dot Second Avenue in Little Haiti. Among the traditional Creole eateries, some millennial-focused restaurants have emerged, advertising craft beer and featuring organic rotisserie chicken and jalapeno jam on their menus. The slow transformation has not gone unnoticed. As some see the area poised to become the next Wynwood, Little Haiti has piqued developers’ interes ...
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38 remarkable places to encounter public art in Los Angeles
Curbed LA - All : Love where you live
From Santa Monica to the Valley Summer’s longer days mean more time to poke around the city and explore new neighborhoods. With that in mind, here’s our map of notable public art in LA, highlighting some of the coolest murals, sculptures, and installations in the city. We’ve included newer pieces—a mural on Skid Row created by residents of the neighborhood—as well as time-tested favorites like “Urban Light” at LACMA. Good public art doesn’t just live in Central LA, ...
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