Steven Witcoff of Witcoff Group, at left, and Howard Lorber of New Valley Group Witkoff Group and New Valley Group secured a $300 million refinancing on their West Hollywood condo and hotel project, as the neighborhood continues to see an influx of high-end developments. Deutsche Bank and South Korean investment bank Mirae Asset Daewoo provided […]
Skid Row conversion could add 95 affordable units
Coalition for Responsible Community Development President and CEO Mark Anthony Wilson, Jr and 803-821 E. 5th Street (Credit: Google Maps) A few weeks after securing funds for a project in South Los Angeles, the Coalition for Responsible Community Development is eyeing Skid Row. The nonprofit filed plans this week to convert three buildings on East […]
Cypress Equity’s apartment project advances in Santa Monica
Cypress Equity Investments founder and CEO Michael Sorochinsky and the 53-unit project on Wilshire Boulevard (Credit: Cypress Equity Investments) The Santa Monica Planning Commission will vote Wednesday on a 40,400-square-foot mixed-use project on the city’s northeastern border with L.A. Cypress Equity Investments proposed the 53-unit apartment building with 5,418 square feet of commercial space at […]
Proposal for entertainment arena at Warner Center advances amid larger development
Larry Green and Warner Center The French commercial real estate firm that bought mall operator Westfield is advancing with its plan for a 15,000-seat arena at Warner Center, part of its $1.5 billion mixed-use redevelopment project. Unibail-Rodamco-Westfield has reached the environmental review stage of the proposed arena, part of the massive redevelopment, the Los Angeles […]
Affordable housing developer’s new mixed-complex adds to growing list in Boyle Heights
Isela Gracian, president of East LA Community Corp, and the project site at 113 S. Soto Street (Credit: Google Maps) East LA Community Corporation, an affordable housing developer, is adding to its list of projects for low-income tenants in the Boyle Heights area. This week, the corporation applied for a five-story mixed-use development with 63 […]
Anejo Development expands resi presence in Palms with The Jagger
Renderings of the proposed project on Overland Avenue and KFA Architecture partner John Arnold (Credit: Hrdwrkshp) Last year, Anejo Development completed the 92-unit The Roy, an apartment complex along a stretch of Overland Avenue in Palms that has seen a flurry of construction. Now, Anejo wants to build a 74-unit apartment complex on the same […]