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. […]
Forget any slowdown: California’s commercial real estate experts predict expansion into 2022
Tipton John, partner at AllenMatkins and Jerry Nickelsburg, director and senior economist of UCLA Anderson Forecast Commercial real estate experts and investors in California are preparing for a rebound but don’t expect it to come right away. After polling a panel in the development and investment markets, law firm Allen Matkins and UCLA released a […]
Skid Row’s road map to gentrification
Samantha Millman, President of the Los Angeles City Planning Commission, Lee Raagas, chief executive officer of Skid Row Housing Trust and Skid Row (Credit: iStock) Could a new rezoning plan hit the gas on the gentrification of Skid Row? In short, it’s more like a very slow release of the brakes. Last month, when the […]
Developer plans to build tower in Historic Filipinotown
Urban Stearns’ Lee Rubinoff and an aerial shot of the property (Credit: Google Maps) In one of the tightest multifamily markets in the country, the bonuses awarded in Los Angeles’ Transit Oriented Communities program are continuing to attract developers now 22 months after it launched. Urban Stearns, a mixed-use and multifamily developer, submitted plans with […]
A First Look at the Clippers’ New Inglewood Arena
If everything goes according to team owner Steve Ballmer’s plan, the Clippers will be playing in a brand new, 18,500-seat arena starting in 2024. After years of discussions and legal wrangling, initial renderings of the new arena have now been released, revealing a sweeping glass-and-metal structure, designed by local architecture and engineering firm AECOM. “My […]
Metro raised Sepulveda Transit Corridor project’s estimated cost by billions
Metro CEO Phillip A. Washington and a rendering of a monorail concept along Sepulveda Boulevard in the San Fernando Valley (credit: Metro) Transit officials say a proposed rail connecting the west San Fernando Valley and the Westside could cost billions more than estimated three years ago. The Los Angeles County Metropolitan Transportation Authority’s new estimate […]