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Nicole Apostolos
Jul 28, 20232 min read
Los Angeles Apartment Vacancy Rises Further in First Half of 2023
Reduced Demand Combined With Elevated Supply Additions Precipitate Sustained Ascent By Ryan Patap CoStar Analytics July 26, 2023 | 5:58...
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Nicole Apostolos
Jul 28, 20232 min read
Los Angeles Apartment Association Sues City Over Rent-Freeze Ordinance
Group Wants State Superior Court To Prohibit Municipality From Enforcing Law The Apartment Association of Greater Los Angeles wants a...
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Nicole Apostolos
Jul 21, 20233 min read
Multifamily Sales Drop in Los Angeles
Transfer Tax Imposed April 1 Dents Investor Demand By Ryan Patap CoStar Analytics July 17, 2023 | 10:33 AM Multifamily sales dropped...
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Nicole Apostolos
Jul 21, 20232 min read
Mansion Tax Generates Lower-Than-Expected Revenue for Los Angeles
Despite Slow Start, Latest Sales Expected To Increase Funds in Upcoming Financial Reports A 37-unit multifamily property at 827 S....
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Nicole Apostolos
Jul 6, 20232 min read
Los Angeles County Industrial Property Sells for Among the Highest Total Amounts in Region
IDS Real Estate Spends More Than $125 Million on Azusa Property The roughly 432,500-square-foot Azusa Industrial Center in Azusa,...
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Nicole Apostolos
Jul 6, 20232 min read
Los Angeles Building, Once Described by US Senators As Plagued by Rodents and Mold, Sells for $97M
Capital Realty Group Buys Cathay Manor Senior Housing Complex in Chinatown, Pays Big Mansion Tax The roughly 270-unit Cathay Manor...
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Nicole Apostolos
Jun 29, 20232 min read
Northeast Los Angeles Sees Near-Record Apartment Development
Area in Transition Brings Higher-End Projects By Ryan Patap CoStar Analytics June 26, 2023 | 8:04 AM After seeing an upswing in...
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Nicole Apostolos
Jun 29, 20232 min read
Developer Moves Forward on Apartments in Desirable Los Angeles County City
Project Would Be First To Be Built in This Part of West Hollywood, California A roughly 115-unit apartment project has been proposed in a...
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Nicole Apostolos
Jun 29, 20233 min read
Developer With China-Based Investors To Sell Downtown Los Angeles Multifamily Site
Sale Comes As Other International Stakeholders Part Ways With LA Property The owner of 1233 S. Grand Ave. in downtown Los Angeles, where...
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Nicole Apostolos
Jun 23, 20232 min read
Los Angeles Apartment Rents Stall After Returning to Peak Levels
Average Asking Rents Have Moved Sideways in the Second Quarter By Ryan Patap CoStar Analytics June 20, 2023 | 11:42 AM Average asking...
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Nicole Apostolos
Jun 23, 20232 min read
Rising Apartment Vacancy and Cooler Rent Growth To Persist in LA, New Data Shows
Apartments.com Search Activity and Concessions Data Predict Continued Near-Term Softness By Ryan Patap CoStar Analytics June 22, 2023 |...
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Nicole Apostolos
Jun 19, 20232 min read
LA's Biggest Office Lease This Year Gives Boost to Building in Receivership
City Council Approves Lease for 295,000 Square feet in the Gas Company Tower Downtown The 50-story Gas Company Tower in downtown Los...
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Nicole Apostolos
Jun 19, 20232 min read
Downtown Los Angeles Office Building in Receivership May Land Big Tenant
City of Los Angeles Mulls Signing Lease for More Than 295,000 Square Feet The 50-story Gas Company tower, middle, is located at 555 W....
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Nicole Apostolos
Jun 8, 20232 min read
Los Angeles Mandate on Air Conditioning Multifamily Units Could Come at Cost To Owners
Apartment Association Says Many Owners Couldn't Afford the Proposed Requirements The city of Los Angeles is exploring whether to mandate...
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Nicole Apostolos
Jun 8, 20232 min read
Los Angeles County Industrial Sale Arrives as Market Slows
EverWest Pays $32 Million for Carson, California, Site The roughly 90,400-square-foot industrial property is located at 2824 E. 208th St....
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Nicole Apostolos
Jun 1, 20234 min read
Los Angeles Ordinance That Led to Thousands of New Homes Downtown May Expand Citywide
Draft of Ordinance That Could Open Up More Adaptive Reuse May Be Approved in Coming Months The Old Bank District, a group of early 20th...
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Nicole Apostolos
Jun 1, 20232 min read
Apartment Tower Planned for Hollywood As Los Angeles Grapples With Housing Shortage
20-Story Building To Rise in Active Multifamily Market An Art Deco-inspired apartment is being planned at 1830 N. Cahuenga Blvd. in...
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Nicole Apostolos
May 25, 20232 min read
CIM Group Plans Hundreds of Apartments in West Hollywood, California
Project Would Rise 34 Stories and Feature 30,000 Square Feet of Commercial Space CIM Group wants a 34-story apartment building at 1000 N....
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Nicole Apostolos
May 25, 20233 min read
Another Struggling Downtown Los Angeles Office Falls into Receivership
Brookfield DTLA’s EY Plaza Is Second Building To Go Into Receivership Amid Weakening Office Market The 41-story Class A EY Plaza at 725...
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Nicole Apostolos
May 18, 20232 min read
Los Angeles Group Spells Out Reforms To Speed Housing Production, Attract More Construction Spending
Projects Took Nearly Four Years To Build As Residential Crisis Deepens, LABC Study Finds The city of Los Angeles has a state-mandated...
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