A new mixed-use development is poised to rise in Valley Village.  The city of Los Angeles has approved a proposal to redevelop a commercial building at 12500 Riverside Drive into a five-story building with housing and ground-floor retail, Urbanize Los Angeles reported.  Developer Joseph Samuel received a determination letter from

A loan backing the Santa Monica Clock Tower, once the city’s tallest building, headed to special servicing after the office tower struggled with occupancy.  A $26.7 million commercial mortgage-backed securities loan tied to the Rockwood Capital-owned Santa Monica Clock Tower at 225 Santa Monica Boulevard went to special servicing after

Los Angeles Lakers star LeBron James has made major progress on his ambitious Beverly Hills home demolition and rebuild project.  James bought the property at 9955 Beverly Grove Drive in 2020 for $36.8 million, and in 2023, he razed it and built an entirely new home for his family. In

Robert Beyer, chair of Chaparral Investments and minority owner of the Milwaukee Brewers, has slashed the asking price of his Los Angeles mansion nearly two years after it hit the market.  Beyer is now asking $54.9 million for the 3.5-acre Brentwood estate, Mansion Global reported. The property, located at 11740

It’s been a week since Los Angeles’ Fashion District was rocked by U.S. Immigration and Customs Enforcement raids that set off many more detainments in the days that followed.  Some are now asking whether the raids could hold implications for homebuilders in the state, which have already been grappling with

Attorney General Rob Bonta sued what he called operators of a “multi-billion dollar real estate empire” for allegedly renting out unsafe and uninhabitable units, discriminating against Section 8 recipients and engaging in deceptive leasing practices and unlawful rent increases.  Swaranjit “Mike” Nijjar and other family members, the complaint alleges, profited

Uncommon Developers will get some help in its acquisition of the Figueroa at Wilshire building in downtown Los Angeles in the form of a $150 million loan package.  The Los Angeles-based firm secured roughly $150 million from Barings, a subsidary of Massachusetts Mutual Life Insurance Company, and Nuveen, a subsidiary

A Tarzana mansion with nearly a century of history and connections to Walt Disney and acclaimed actor John Huston is on the market.  The home, located at 4535 Vanalden Avenue in the Tarzana hills, is for sale for just under $20 million, Mansion Global reported. The backyard comes complete with

Famed snack giant Frito-Lay is ceasing manufacturing operations at its Rancho Cucamonga plant after more than half a century at the facility.  The company, owned by parent company PepsiCo Foods U.S., confirmed the shutdown of operations at the site Wednesday, the Los Angeles Times reported. Frito-Lay has been a major

Hilton & Hyland’s landlord wants the Beverly Hills-based brokerage out of the building.  A limited liability company with ties to Standard Oil Investment Group alleged in Los Angeles County Superior Court early in May that Hilton & Hyland owes it over $650,000 in back rent and more than $65,000 in