Aedis Real Estate Group Principal Keith Labus and a rendering of Hope on Hyde Park Aedis Real Estate Group will build an affordable apartment building in Park Mesa Heights utilizing shipping containers, moving forward with a plan for the low-cost, fast-turnaround construction method. The material has become more popular, particularly as Los Angeles and the […]
Common ground: Proper Development teams with NY co-living firm on LA expansion
Common CEO Brad Hargreaves and Proper Development-built Common Melrose in Hollywood Co-living company Common and Los Angeles developer Proper Development are planning a $100 million expansion in L.A. Proper Development will build seven apartment buildings with 600 beds over the next two or three years in L.A., and Common will operate and manage them, according […]
Silverstein, Cantor Fitzgerald to raise nearly $2B Opportunity Zone fund
Howard Lutnick and Larry Silverstein (Credit: Getty Images and iStock) Silverstein Properties and Cantor Fitzgerald are looking to raise almost $2 billion for an Opportunity Zone fund. The joint venture will target primary metropolitan markets for mostly ground-up developments, including retail, office, industrial and hospitality buildings, the firms announced. It is not clear which markets […]
Heritage Square gold line station sees another TOC project
3547-3585 North Figueroa Street A Canadian developer is planning a mixed-use project in Cypress Park with 55 residential units. An entity tied to Toronto developer Greg Sharp filed plans for the project for 3547-3585 N. Figueroa Street on Tuesday. It would involve demolishing a pair of commercial buildings to build a five-story structure with 7,400 […]
Prospective buyer of Montecito Heights lot explores condo project
The vacant property at 4500 E. Via Marisol (Credit: Google Maps) The prospective buyer of a 12-acre site in Montecito Heights is exploring the possibility of developing 100 condo units there. The party filed paperwork with the Department of City Planning for a pre-development meeting to determine whether the condos are feasible at 4500 E. […]
Relevant’s latest in Hollywood, the Selma Wilcox hotel, gets go-ahead despite objections
Relevant Group Managing Partner Richard Heyman and a rendering of the Selma Wilcox Hotel Relevant Group is three for three in Hollywood. The Los Angeles City Council this week approved the Hollywood developer’s plan for a 114-key hotel at Selma and Wilcox avenue, Curbed reported. Called the Selma Wilcox, it will be the third of […]