Newhall Ranch will bring almost 22K units to LA — here’s why it still won’t fix the housing shortage

Emile Haddad, Rendering of Newhall Ranch townhouses (USC Lusk Center/Five Point Holdings) Los Angeles County’s housing crisis is so severe that a even a massive development the size of a small city will offer little relief, experts say. Developer Five Point Holdings won key approvals last week for its Newhall Ranch project, which would bring […]

US regulators want to stop Chinese companies from taking over American firms

US regulators want to stop Chinese companies from taking over American firms HNA Group’s hedge fund acquisition is one of several deals for American companies being held up July 24, 2017 09:20AM Anthony Scaramucci and Chen Feng (Credit: Getty Images) HNA Group’s proposed acquisition of the hedge-fund investing firm SkyBridge Capital is one of several […]

Gov. Jerry Brown moves to push affordable housing bills through legislature

Governor Jerry Brown (Getty Images) Gov. Jerry Brown’s top priority? Pushing a series of housing bills through the state legislature in August, he announced this week. Whether the plan will pass is not yet known. The bills would create a new state funding source for low-income developments, introduce a bond measure to subsidize low-income projects and […]

Law firm DLA Piper to acquire Liner LLP, which will vacate its LA offices

Law firm DLA Piper to acquire Liner LLP, which will vacate its LA offices By Subrina Hudson | July 20, 2017 06:00PM From left: Roger Meltzer, DLA Piper’s global co-chairman and co-chairman for the Americas, and Stuart Liner, managing partner of Liner LLP (DLA Piper/Liner LLP/Google Maps) Liner LLP, the law firm guiding Harridge Development […]

REITs don’t want to build — here’s why that’s actually a good thing

REITs don’t want to build — here’s why that’s actually a good thing Fitch report claims investor caution has prolonged market cycle July 20, 2017 11:15AM A rendering of One Vanderbilt Real estate investment trusts have been reluctant to build in recent years, a caution that helped prop up property values and extended the market […]

Trump Tower apartment rented by the U.S. government costs $130K/month

Only one apartment on our list of the city’s most expensive rentals tops the Trump Tower apartment currently being rented by the U.S. government. According to documents obtained by the Wall Street Journal, the military office that supports the White House is shelling out $130,000/month to rent a 3,475-square-foot space in the president’s namesake Fifth […]

In Greenpoint, a once-stalled condo now sprints toward the finish line

A little over seven months after sales got underway, we’re getting the first look inside a seven-story condo building at the intersection of Greenpoint Avenue and West Street in Greenpoint. The two model apartments are a two-bedroom, one-bathroom unit, asking $950,000, and a three-bedroom, two-bathroom apartment, asking $1.75 million. The two-bedroom measures a relatively small […]