Commercial real estate news and analysis for the Los Angeles market.
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Faulkner Capital Partners acquired The Baxter, a luxury apartment community at 1818 N. Cherokee Ave. in Hollywood, in an off-market deal brokered by Colliers.
Shopoff Realty Investments and AO have broken ground on Bolsa Pacific, replacing the former Westminster Mall with 2,250 homes and 220,000 SF of retail.
Rosewood Property Company secures zoning approval for a massive 156-acre mixed-use project in Plano, Texas, significantly shifting the development focus from traditional office and hotel space to retail, dining, and entertainment. The adaptive reuse highlights a broader CRE trend of prioritizing experience-driven assets in suburban corporate corridors.
TruAmerica Multifamily has closed its second workforce housing fund at $708M to acquire and rehabilitate Class B apartments across 30 U.S. markets.
Western Realco acquired a fully entitled 12.14-acre site on East Vermont Avenue in Anaheim from Rexford Industrial for $40.7M, with a 256,046-SF Class A building due late 2027.
Lendlease has opened pre-leasing for 260 apartments at its 12-story Habitat Residences at 3411 S. La Cienega Blvd in Los Angeles, with move-ins targeted for spring.
Madison Realty Capital provided a $121M condo inventory loan to Taurasi Group for South End Lofts, a 110-unit development in Hoboken, N.J.
CBRE Investment Management names Laura Dunn head of its Americas direct real estate commercial operator division, effective March 17.
Prophetic's new SearchAI Intentions lets developers search for land using plain-language project descriptions instead of zoning codes, supporting 120+ development types.
J.P. Morgan's Kurt Stuart toured 16 workforce housing multifamily assets in Huntington Beach on foot, spotlighting the firm's focus on supply-constrained coastal markets.
J.P. Morgan and VICI Properties provided $4.3B in construction financing for One Beverly Hills, a 17.5-acre mixed-use luxury development by Cain and Eldridge Industries.
The DMV industrial pipeline has doubled year-over-year to 13.2 million square feet, driven heavily by data center demand in Northern Virginia.