SRO Housing Corporation CEO Anita U. Nelson, the development site, and a rendering of the project An affordable developer wants to build an 81-unit permanent supportive housing complex in Echo Park, at a time when Los Angeles is struggling to address its rising homeless population. SRO Housing Corporation filed plans for the city’s Transit-Oriented Communities […]
Multifamily development in San Pedro is surging, thanks in part to Opportunity Zones
The Spot at 2139 South Pacific Avenue and Adam O’Neill, president of Square One Homes, LLC, and Stonebridge Real Estate Group Inc. (Credit: Google Maps, iStock) Developers and investors have been taking advantage of San Pedro’s designation as a federal Opportunity Zone with several projects planned. That has helped spur renewed interest and demand in […]
An affordable housing developer eyes South LA industrial site for 127 resi units
From left: Thomas L. Safran and President of Thomas Safran & Associates Andrew David Gross with the project site An affordable housing firm is hoping to transform an industrial facility in South Los Angeles into a residential development for low-income households while the city is desperate for more units. Thomas Safran & Associates filed plans […]
Cost of Cali homebuilding is too damn high: City fees push up home prices, report finds
Gavin Newsom (Credit: Facebook and iStock) The cost of homebuilding in California is too damn high, specifically, what city and counties charge developers. That was the conclusion of a new study released by state officials, confirming what developers have long known to be true. The report, released by the Department of Housing and Community Development, […]
Hollywood hotel developer Relevant Group is getting in the affordable housing game
Richard Heyman and May Phutikanit with the project site (Credit: Google Maps and iStock) Relevant Group, which has been developing luxury hotels in Hollywood, is now in the affordable housing business. The Hollywood-based firm filed plans to build a 100-percent affordable housing project in South Westlake, seeking a slew of city incentives in the process. […]
Can a Supertall Tower Project Cause ‘Irreparable Harm’? A Judge Says Yes
The ruling on a luxury Lower East Side complex was a setback for developers and a win for opponents of unimpeded high-rise construction in New York. Source: NYT > Business – Matthew Haag