While many have seen record-breaking quarters over the last two years, none have experienced such volatile shifts quite like those within multifamily development. Panelists at the GlobeSt. Multifamily National Conference spoke on delays that impact timelines, inventory shortages and more at the two-day event. LOS ANGELES—Supply chain delays that impact timetables, labor shortages and their […]
California bans mandated parking near transit to fight high housing prices, climate change Citing the need to address California’s twin crises of housing affordability and climate change, Gov. Gavin Newsom signed a bill that bars local governments from mandating parking spaces as part of most development near transit stops. Critics say the new law could […]
Across the street from Sony Picture Studios, rebar cages and concrete are starting to rise at the future sites of two mixed-use apartment buildings in Palms. Located on opposite corners of Washington Boulevard and Motor Avenue, the new apartment buildings from Hong Kong-based real estate development firm Guo Rui Group and Los Angeles-based California Landmark Group (CLG) will create at combined […]
Another Palms apartment complex from California Landmark Group Just west of Motor Avenue in Palms, the wrapping off, and the finish line approaches for another mixed-use apartment complex from California Landmark Group‘s (CLG). Located on the former site of an auto body repair shop at 10412 Venice Boulevard, the project consists of an eight-story building which will feature […]
Over the last three or four years, Culver City has become a hub for streaming media and tech companies that have taken up big blocks of space in the 5-square-mile city, often around the downtown area. Culver City’s office market weathered the pandemic well, making strides toward rebounds in occupancy and demand early in the game. But the flip side […]
West Los Angeles-based developer California Landmark Group has received $84.8 million in financing to recapitalize two apartment buildings in L.A.The loan was provided by Mesa West Capital, a lender based in Brentwood. The money was given for one property in Hollywood and another in Brentwood.. The larger of the two properties by the number of […]
California Landmark Group has secured $85 million to recapitalize a two-property apartment portfolio in Los Angeles. Mesa West Capital originated the funding. The two properties include HW by CLG, a 79-unit low-rise boutique apartment building in Hollywood, and the BW by CLG, a 78-unit mid-rise apartment community in the Brentwood. Both properties are located in […]
As Gen Z enters the multifamily rental market in a big way, investors are asking what these renters value in an apartment, and how to give it to them….
Heavy equipment is now pushing dirt at 10306-10330 Santa Monica Boulevard, where California Landmark Group has secured permits for the construction of a six-story building featuring 91 one-, two-, and three-bedroom dwellings.
CLG’s new project, approved inearly 2020 by the City of Los Angeles, is rising from a site at 1201 Myra Avenue, where it replaced an automobile repair shop. The under-construction development will stand six stories in height, featuring 100 rental apartments above 50 parking stalls in a semi-subterranean garage.