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...
Koreatown
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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...
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,...
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...
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....
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...
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...
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...
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...
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...
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