Koreatown


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Cypress CEO Michael Sorochinsky and 1216-1224 Menlo Avenue (Google Maps)

Cypress Equity plans 128-unit affordable complex in Pico-Union

A company tied to Cypress Equity Investments plans to develop a 128-unit affordable development in Pico-Union. Cypress CEO Michael...

Cypress Equity plans 128-unit affordable complex in Pico-Union
ELK Development founder Evan Kasper and the development site at 730 S. Vermont Avenue (Google Maps)

ELK Development-tied entity plans 80-unit apartment complex in Koreatown

An entity tied to rental housing builder ELK Development is planning an 80-unit apartment building in Koreatown. The seven-story...

ELK Development-tied entity plans 80-unit apartment complex in Koreatown
An illustration of David Lee

A boomtown for a bygone era: Koreatown developers face a reckoning

When protests in Los Angeles following George Floyd’s death at the hands of Minneapolis police officers turned to vandalism,...

A boomtown for a bygone era: Koreatown developers face a reckoning
Neil Kadisha, Jaime Lee, and the building (Credit: CHANCE YEH/Patrick McMullan via Getty Images)

Jamison sells 72-unit Koreatown complex to Omninet

Jamison has sold its first apartment development project in Koreatown. Omninet Capital paid $32.4 million for the 72-unit Maya...

Jamison sells 72-unit Koreatown complex to Omninet
An illustration of Jeanne Radsick and 525 S. Virgil Avenue (Credit: Google Maps)

California Association of Realtors’ new role? Mixed-use developer

The National Association of Realtors wears many hats including Multiple Listing Services operator, Washington mega-lobbyist, and VC fund manager....

California Association of Realtors’ new role? Mixed-use developer
CGI’s Gidi Cohen and the Fedora Street project

CGI scores $48M in construction financing for Koreatown multifamily project

CGI Strategies has secured a $47.8 million construction loan to build a 200-unit project in Koreatown. Dekel Capital arranged...

CGI scores $48M in construction financing for Koreatown multifamily project
The Koreatown Plaza is hitting the market (Credit: Google Maps)

Venerable Koreatown Plaza is up for sale

A retail plaza that has come to represent the commercial development of Koreatown is now up for sale with its longtime owner Joong Nam Yang hoping to net more than $90 million. The building’s...

Venerable Koreatown Plaza is up for sale
From left, clockwise: Daydream Apartments’ Griffin and Grace on Spring, Douglas Emmett’s The Glendon at Westwood and Carlyle Group’s Sofia Los Angeles

Here are LA’s 5 biggest multifamily sales of 2019

The five biggest multifamily trades in Los Angeles this year tallied $1.4 billion, doubling last year’s total of $712...

Here are LA’s 5 biggest multifamily sales of 2019
A rendering of the project and Douglas Bystry, President and CEO of Clearinghouse

Koreatown resi complex marks firm’s entry into Opportunity Zones

A community development firm that operates in underserved neighborhoods will develop a multifamily complex in Koreatown, part of its...

Koreatown resi complex marks firm’s entry into Opportunity Zones
L.A. City Attorney Mike Feuer and a rendering of the Koreatown project (Credit: Getty Images)

LA sues Koreatown developer Michael Hakim

For two years, developer Michael Hakim and the city of Los Angeles were on the same side. Activists had sued to reverse city approval on his 27-story development project in Koreatown, and Hakim’s Colony...

LA sues Koreatown developer Michael Hakim
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