LA Mayor Looks to Make Housing Streamlining Permanent
Los Angeles Mayor Karen Bass aims to make Executive Directive 1 permanent, despite developers' reservations.
The directive aims to expedite affordable housing construction by shortening approval processes and exempting projects from lengthy environmental reviews. [ more ]
Uncommon eyes affordable apartment building in Northridge
Uncommon Developers is adding a 255-unit affordable apartment complex in Northridge, utilizing density bonus incentives and waivers for development standards.
The project, Uncommon Halsted, will offer mostly affordable units for low- and moderate-income households, designed by JZA Architecture without eaves or balconies. [ more ]
The Mayor of Los Angeles Wants to Prove Homelessness Can Be Solved
Efforts to tackle homelessness in Los Angeles under Mayor Karen Bass have shown progress, with cleaner streets and fewer tents in places like Venice Beach.
The flagship program Inside Safe, providing motel rooms for homeless residents, is facing sustainability challenges due to budget constraints, leaving many in limbo until they secure permanent housing. [ more ]
Rihanna Lists Her Luxe Los Angeles Penthouse Apartment, Formerly Owned by Matthew Perry
Rihanna bought a $21 million penthouse in Los Angeles, previously owned by Matthew Perry, and is now selling it for $24,950,000.
The penthouse includes a private elevator, great room with various entertainment spaces, main bedroom with city views, private terrace with a hot tub, and luxurious amenities in the building. [ more ]
7 must-try Brazilian restaurants in Culver City (and beyond)
Venice Boulevard is a prominent hub for Brazilian food in Los Angeles, centered around the Brazilian Mall and a community jump-started by Cafe Brasil in 1991. [ more ]
Exploring Los Angeles through cookbooks offers insight into its diverse food scene and the joy of cooking, with new releases showcasing the city's delicious and unique culinary culture. [ more ]
University of Southern California Confronts an Unfamiliar Era of Protest
A surprising protest at the University of Southern California amid the Israel-Hamas conflict challenges stereotypes about the institution's political activism. [ more ]
Bukowski Reads Bukowski: Watch a 1975 Documentary Featuring Charles Bukowski at the Height of His Powers
Richard Davies directed a documentary about poet Charles Bukowski capturing his life and success, focusing on his blunt language and reflections. [ more ]
Decron Properties Buys Phoenix Multifamily After LA Sales
Decron Properties shifted investments from Los Angeles to Phoenix by selling assets in Thousand Oaks for a Phoenix property, using a 1031 exchange to defer capital gains taxes. [ more ]
L.A. Metro's D Line hits a milestone: Tunneling is complete for expansion to the Westside
Tunneling operations for the 9-mile westward expansion of the Metro D Line are completed after five years, adding seven new stations and high-speed connections.
The extension project of the D Line, or Purple Line, is happening in three phases, with sections opening in 2025, 2026, and 2027. [ more ]
The State of Los Angeles Real Estate A Year Into Measure ULA
City of Los Angeles underestimated property owners' reaction to new transfer taxes, resulting in significantly lower revenue than expected.
The implementation of transfer taxes led to stalled commercial and residential sales, impacting the city's revenue stream and economic activity. [ more ]
Boichik Bagels plans first expansion outside the Bay Area
Boichik Bagels is expanding rapidly, with plans to open its first store outside the Bay Area in Los Angeles.
Owner Emily Winston aims to strengthen LA's bagel scene by offering her New York-style bagels and is confident in facing potential competition. [ more ]
Frieze Los Angeles's Focus section explores the notion of 'ecologies'
Essence Harden focuses on highlighting Black visual culture and the West through her role as a visual arts curator at the California African American Museum and as the curator of the Focus section at Frieze Los Angeles.
Harden emphasizes artists with whom she has a deep relationship, showcasing their work organized around the theme of 'ecology', such as Muzae Sesay and Widline Cadet. [ more ]
L.A. looks at eliminating up to 2,000 vacant positions as the city's budget outlook worsens
Los Angeles officials plan to eliminate up to 2,000 vacant positions to address the worsening financial situation.
Strategies to balance the city budget include cutting back on consulting work, delaying public projects, and possibly dipping into reserve funds. [ more ]
Madison Realty Supersizes LA Multifamily After Acquisition
Madison Realty Capital is reconfiguring a former project at 6401 Wilshire Boulevard with plans to add 65 units, bringing the total to 177 units.
Madison acquired a significant portion of Neil Shekhter's properties through deeds-in-lieu, with Hankey Capital helping to refinance some sites. [ more ]
Waymo's robotaxi service set to expand into Los Angeles
Waymo, part of Google's parent company, is introducing around 50 driverless robotaxis in Los Angeles, with prior experience in San Francisco and Phoenix.
Labor leaders in Los Angeles express concerns about job loss and safety issues associated with introducing robotaxis, citing incidents in San Francisco and emphasizing that the technology may not be ready for widespread adoption. [ more ]
Biotech Billionaire Buys El Segundo Office Building for $25M
NantWorks purchased an office building in El Segundo for $25 million, continuing to expand its real estate portfolio.
Commercial real estate market in Los Angeles is experiencing a shift from institutional to private wealth buyers due to remote work and decreased capital for office investments. [ more ]
Roy Choi's New LA Taco Stand Opens Tonight. Here's Everything to Know.
Tacos Por Vida stand opening in LA tonight at 3434 Overland Avenue alongside Kogi Taqueria truck.
Menu inspired by Choi's background, Kogi's DNA, and local taco tradition, featuring tacos, burritos, salsas, guacamole, and custom salt blends. [ more ]
CIM sells 888 at Grand Hope Park Complex in LA for $186M
CIM Group sold 888 at Grand Hope Park for $186 million, lower than the initial asking price of $236 million.
Buyer FPA Multifamily funded the purchase with a $105 million loan and recently acquired a two-property apartment portfolio in Ventura County for $153 million. [ more ]
Preorder the Eater Guides to New York City and Los Angeles
Eater's travel guides provide comprehensive dining recommendations for New York City and Los Angeles.
The guides feature maps, top restaurant suggestions in various neighborhoods, 24-hour guides, and insider tips for dining experiences in each city. [ more ]
The Cecil Hotel in Los Angeles, famous for mysterious deaths, is for sale with 91 years remaining on the ground lease.
The property has a historical background as a luxury hotel turned homeless housing complex with 60% occupancy projected to increase to 80-90%. [ more ]
Voters decide Measure HLA, an effort to create hundreds of miles of bus and bike lanes
Measure HLA proposes adding hundreds of miles of bike and bus lanes in Los Angeles.
The initiative has gained significant support but also faces opposition from the firefighters union due to concerns about delayed emergency response times. [ more ]