CEO of Public Storage Ronald L. Havner Jr. and the site in North Hollywood (Credit: Google Maps) Public Storage is hoping to redevelop its facility in North Hollywood to nearly quadruple the overall size. The Los Angeles City Planning Commission next week will consider the plan for a three-story warehouse facility for self-storage. It would […]
Construction site mapping startup raises $14M from JLL, WeWork
Open Space CEO Jeevan Kalanithi (Credit: LinkedIn and iStock) A startup that maps construction sites raised $14 million on Tuesday, marking the latest infusion of capital into construction-technology companies by major players in the industry. OpenSpace, which creates 360-degree photo representations of job sites using artificial intelligence, raised $14 million in Series A funding, the […]
Developers to deliver nearly 10k units, but a slowdown loom
Deliveries are on pace to greatly exceed totals for the last two years Developers in Los Angeles County are on pace to build more units of housing in the second half of this year than in either of the last two years, but a slowdown could be on the horizon. A report from Marcus & […]
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 […]
Development bloom: SoCal Flower Market mixed-use project in DTLA clears hurdle
Los Angeles City Planning Commission President Samantha Millman and a rendering of the Flower Market project (credit: Brooks + Scarpa and Twitter) A proposed 323-unit apartment building in Downtown Los Angeles at that the Southern California Flower Market passed a key hurdle this week. The City Planning Commission voted in favor of the plan by […]
Billion-dollar Warner Center megaproject faces another hurdle
Larry Green, Unibail-Rodamco-Westfield’s EVP for US Development, and a drawing of the planned stadium (Credit: Unibail-Rodamco-Westfield) The developer of the $1.5-billion megaproject planned for Warner Center is facing another hurdle. The founder of the community group Coalition for Valley Neighborhoods is appealing the project, concerned the city never required affordable housing units for the development’s […]