LA Development Insider

The Antelope Valley Commerce Center, a massive industrial project in Palmdale, has secured permits to develop an additional 8 million square feet of warehouse space. This latest approval brings the total entitled square footage for the development to 9.

Los Angeles-based Eagle Real Estate Partners, in partnership with TriPost Capital Partners, has initiated a new co-investment strategy focused on affordable housing conversions, kicking off with two apartment acquisitions totaling $162. 5 million.

The Community Corporation of Santa Monica, in collaboration with the City of Santa Monica and St. Joseph Center, has officially opened Berkeley Station, the city's first modular affordable housing development.

The Covington Group has received final entitlement approval for its massive 9. 4 million-square-foot Antelope Valley Commerce Center industrial project in Palmdale.

Trinity Investments and UBS have secured a $600 million refinancing package for the 1,000-room Diplomat Beach Resort in Hollywood, Florida. The loan was provided by J.

A Benedict Canyon home once owned by actor Bruce Willis has traded for $41. 3 million, marking one of Los Angeles County’s priciest residential deals this year.

A 58,652-square-foot retail property in Palmdale, anchored by Smart & Final and Barnes & Noble, has been sold for $13. 5 million.

Los Angeles-based CIM Group, through its CIM Real Estate Debt Solutions division, has provided a $154 million loan for the refinancing of 2 and 3 MiamiCentral, two adjacent office towers in downtown Miami. The loan was extended to Blackstone, the owner of the properties.

A public foreclosure auction has been scheduled for Oscar De La Hoya’s office building in Downtown Los Angeles, according to a notice of trustee’s sale dated late March. The property, located at an undisclosed address in DTLA, is valued at approximately $23 million, and bidders are now squaring up for the distressed asset.

Santa Monica has experienced the steepest decline in apartment rents across the Los Angeles market, with an 8. 1% drop reported.

The long-anticipated overhaul of the La Brea Tar Pits and Page Museum is officially moving forward, with a $240 million upgrade project now underway. This significant cultural redevelopment project, located at 5801 Wilshire Blvd, Los Angeles, represents one of the largest public-private investments in the city's cultural infrastructure in years.

Capital One has provided a $195. 9 million loan to MDH Partners for its recent acquisition of a 1.

Walker & Dunlop arranged $78 million in financing for Waterton's 293-unit apartment complex, Olive DTLA, located in Downtown Los Angeles. (Bisnow LA) Bidders are lining up for the public foreclosure auction of Oscar De La Hoya’s estimated $23 million office building in DTLA.