Last year, Irvine-based developer SunCal dropped $130 million on a 14.6-acre property bordered by Sixth, Alameda, Mill, and Wholesale streets in the Arts District, and now, we finally know what’s planned for this enormous parcel. Developers have shared with Curbed renderings and plans for a massive multi-use complex that includes two, 58-story towers, rental units and condos, office space, retail, and a school; the site is currently home to two warehouses mainly used by food distributors.
Continue reading “HUGE PROJECT WITH TWO 58-STORY TOWERS PLANNED FOR ARTS DISTRICT”
3,000 new residential units, an artificial lake, and a revamped casino are just a few features of a huge Hollywood Park makeover
The new Rams stadium being constructed in Inglewood has been hogging quite a bit of the development spotlight lately, and that makes sense. After all, it’s been more than 20 years since an NFL team called Los Angeles home. Still, the future Rams arena (and possible site of the 2020 Super Bowl) isn’t the only big project planned for the massive parcel of land left behind after the demolition of the Hollywood Park Racetrack. In fact, Rams owner Stan Kroenke’s new sports facility is a fairly new addition to a huge mixed-use development that has been in the works for more than a decade.
Continue reading “A HUGE NEW NEIGHBORHOOD RISES IN INGLEWOOD”
Century West Partners of Los Angeles and Chicago will use $126 million in a bank construction loan, third-party capital and additional equity to help build the $280 million project Next on Lex at 201 W. Lexington Drive in Glendale.
Continue reading “DEVELOPER TO BUILD 500 UNITS IN GLENDALE”
Eretz Properties, a Los Angeles-based investment firm, has acquired the Pico Gateway Apartments in the Pico-Robertson neighborhood for $22.4 million, or $574,359 per apartment.
Continue reading “PICO GATEWAY APARTMENTS SELL FOR $574,359 PER UNIT”
In the latest example of the hot apartment investment market, two Thousand Oaks apartment buildings totaling nearly 400 units have sold for nearly $127 million.
L.A.- based multifamily investor Decron Properties Corp. said it has bought the 142-unit Marlowe Apartments at 550 Laurie Lane, and the 249-unit Los Robles Apartments at 300 Rolling Oaks Drive, from San Mateo apartment owner and property management firm Prometheus.
Continue reading “Thousand Oaks Apartments Sell for $127 Million”