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$1.2B Westside Mixed-Use Project Proposed Near Santa Monica Airport Site

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Major Projects

$1.2B Westside Mixed-Use Project Proposed Near Santa Monica Airport Site

March 6, 202614 stories · 7 permits · 4 deals

Major Projects

Downtown LA Office Conversions Accelerate as 4 More Buildings File Adaptive Reuse Plans

Beverly Hills Approves Controversial 18-Story Luxury Tower on Wilshire

Zoning & Policy

Policy Alert

New LA Density Bonus Rules Could Add Thousands of Units to Transit Corridors

California Builder's Remedy Projects Continue to Surge in Southern California

LA Considering Major Parking Requirement Reductions for New Developments

Development Deals

Deal Alert

Related Companies Acquires Downtown LA Site for $210M Apartment Project

Culver City Land Assemblage Signals Potential Tech-Focused Campus Expansion

Market Intelligence

Data

LA Multifamily Construction Starts Fall 22% as Financing Tightens

Luxury Condo Inventory Rising in West Hollywood and Beverly Hills

Infrastructure & Transit

Metro Purple Line Extension Driving New Development Along Wilshire Corridor

LAX People Mover Progress Spurs Hotel and Retail Proposals Nearby

Political & Community

Venice Residents Challenge 200-Unit Housing Proposal Near Abbot Kinney

Labor Groups Push New Requirements for Major Construction Projects

Permit Tracker

7 new filings · March 6, 2026

1840 Cahuenga Mixed-Use

Filed

Hollywood·312 units

Density Bonus + Height Variance

Venice Boulevard Apartments

Filed

Mar Vista·186 units

Builder's Remedy

Figueroa Tower Conversion

Under Review

DTLA·224 units

Adaptive Reuse Ordinance

Pico-Robertson Affordable

Filed

West LA·98 units (100% affordable)

AB 2162 Streamline

Culver City Creative Campus

Pre-Application

Culver City·N/A (commercial)

Specific Plan Amendment

Koreatown High-Rise

Filed

Koreatown·440 units

Density Bonus + TOC Tier 4

Boyle Heights TOD

Filed

Boyle Heights·120 units (affordable)

TOC Tier 3

Deal Sheet

Recent transactions · March 2026

Land Sale$42.5M

Blackstone → Related Companies

8th & Flower, DTLA

JV FormationUndisclosed

Caruso + Goldman Sachs Realty

Wilshire Blvd, Beverly Hills

Land Assemblage~$68M (est.)

Undisclosed Buyer

Near Sony Studios, Culver City

Refinance$85M

Greystar / Pacific Western Bank

Hollywood

Neighborhood Spotlight

Development activity index · Q1 2026

Venice

High

12 projects · 1,840 units

Hollywood

Very High

28 projects · 4,200 units

Downtown LA

High

34 projects · 6,800 units

Culver City

Medium

9 projects · 980 units

West LA

Medium

15 projects · 2,100 units

Policy Watch

State & local planning changes · March 2026

AB 2011 / SB 6 Implementation

Active

Mixed-income housing by-right on commercial sites.

SB 9 Lot Splits — LA Enforcement

Active

340 applications pending; 60-day approval window.

LA TOC Tier 4 Expansion

Proposed

Expanding eligibility to additional BRT corridors.

Measure ULA — Mansion Tax

Litigation

Tax in effect on sales over $5M. $180M collected YTD.

Parking Minimums Elimination

Draft

Public comment opens March 15.

Density Bonus — Transit Corridors

Active

Up to 80% density increase within ¼ mi of rail.

$1.2B Westside Mixed-Use Project Proposed Near Santa Monica Airport Site

Downtown LA Office Conversions Accelerate as 4 More Buildings File Adaptive Reuse Plans

Beverly Hills Approves Controversial 18-Story Luxury Tower on Wilshire

New LA Density Bonus Rules Could Add Thousands of Units to Transit Corridors

California Builder's Remedy Projects Continue to Surge in Southern California

LA Considering Major Parking Requirement Reductions for New Developments

Related Companies Acquires Downtown LA Site for $210M Apartment Project

Culver City Land Assemblage Signals Potential Tech-Focused Campus Expansion

LA Multifamily Construction Starts Fall 22% as Financing Tightens

Luxury Condo Inventory Rising in West Hollywood and Beverly Hills

Metro Purple Line Extension Driving New Development Along Wilshire Corridor

LAX People Mover Progress Spurs Hotel and Retail Proposals Nearby

Venice Residents Challenge 200-Unit Housing Proposal Near Abbot Kinney

Labor Groups Push New Requirements for Major Construction Projects

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