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The Los Angeles Times has reported that a skyscraper that would be the tallest residential building in California has been proposed for Downtown Los Angeles. Crescent Heights, a Miami-based developer, submitted a proposal to the city Planning Department this week to build a 70-story apartment building that would stand out in size and design amid […]
The Los Angeles Business Journal has reported that L.A. Mayor Eric Garcetti announced the launch of the Los Angeles Cyber Lab, a public-private data-sharing center for alerting local businesses and residents to cyberattacks. Cyber Lab was formed in partnership with Cisco Systems Inc. of San Jose. The organization will alert small- and medium-sized business partners […]
The Los Angeles Business Journal has reported that the city of Los Angeles has opened a new online searchable database that will help it maximize the value of its property and aid in the creation of affordable housing and homeless services. “City-owned property is one of our most valuable assets, and we must maximize its […]
The city of Los Angeles just announced plans to have a fleet of fully electric, zero-emissions buses by 2030. Authorities said the project, which involves the purchase of 2,200 vehicles, would cost some $1 billion over the next ten years. “Today’s vote represents an enormous investment in the future of a healthy and prosperous Los […]
Earlier this month, the International Olympic Committee took the unusual step of picking Paris and Los Angeles to host the 2024 and 2028 Summer Games, but leaving it to the cities to negotiate the order. According to Los Angeles Mayor Eric Garcetti, his residents should be prepared to wait an extra four years before the […]
Southern California is home to close to a quarter of the country’s million-dollar housing communities, according to Realtor.com data. More than 400 zip codes in the region have a median listing price of $1 million or more, the Pasadena Star News reported. The area also contains nine of the country’s priciest 25 zip codes. Los […]
The utopian idea of self-driving cars roaming the streets of Los Angeles has some real estate professionals scratching their heads. Many think the trend could lead to massive roadway and traffic redesigns, which could drastically reshape real estate development patterns. The most significant change could be a reduced need for parking, meaning that developers won’t […]
Despite negative absorption in the first quarter, the office market in the Greater Los Angeles area is slated for continued growth in 2017, according to a new report from CBRE. Thanks to strong demand, and strong job growth, CBRE predicts rents will rise 8.2 percent in 2017 and vacancies will fall 0.3 percent. The office […]