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<title>Defense Dollars Supercharge LA's South Bay Industrial Market</title>
<link>https://www.bisnow.com/los-angeles/news/industrial/los-angeles-industrial-defense-tech-aerospace-135477</link>
<guid>https://www.bisnow.com/los-angeles/news/industrial/los-angeles-industrial-defense-tech-aerospace-135477</guid>
<description>Aerospace and defense tech firms are pouring into the South Bay’s industrial market, turning a historically strong leasing submarket into the engine driving Los Angeles’ tightening vacancy and improving absorption.
Although aerospace and defense companies...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Fri, 17 Jul 2026 20:02:27 -0400</pubDate>
<content:encoded><![CDATA[Aerospace and defense tech firms are pouring into the South Bay’s industrial market, turning a historically strong leasing submarket into the engine driving Los Angeles’ tightening vacancy and improving absorption.
Although aerospace and defense companies have been a part of the LA landscape for decades, their growth has taken off as a result of increased federal funding available for companies working in or supporting these industries, Newmark Head of Southwest Research Dain Fedora said.]]></content:encoded>
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<title>Oceanwide Plaza Sale Primed To Move Forward</title>
<link>https://www.bisnow.com/los-angeles/news/construction-development/oceanwide-plaza-path-to-sale-all-but-cleared-135498</link>
<guid>https://www.bisnow.com/los-angeles/news/construction-development/oceanwide-plaza-path-to-sale-all-but-cleared-135498</guid>
<description>The sale of the $1.2B Oceanwide Plaza may finally be able to proceed after a bankruptcy judge told attorneys she intended to approve the plan to sell it off. 
In a critical turn, attorneys for the city of Los Angeles on Monday withdrew their objections...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Mon, 20 Jul 2026 19:11:43 -0400</pubDate>
<content:encoded><![CDATA[The sale of the $1.2B Oceanwide Plaza may finally be able to proceed after a bankruptcy judge told attorneys she intended to approve the plan to sell it off. 
In a critical turn, attorneys for the city of Los Angeles on Monday withdrew their objections to developer Oceanwide Plaza LLC's plans to liquidate the asset after the inclusion of provisions in the plan to speed up graffiti removal, mitigate blight at the property and quickly close a sale. 
The changes have made it more likely that the incomplete project, which has sat in limbo in a prominent Downtown location for more than six years, will...]]></content:encoded>
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<title>Creative Industries Keep LA's Office Recovery Stalled While Westside Finance And Law Power Ahead</title>
<link>https://www.bisnow.com/los-angeles/news/office/los-angeles-office-q2-2026-westside-century-city-135496</link>
<guid>https://www.bisnow.com/los-angeles/news/office/los-angeles-office-q2-2026-westside-century-city-135496</guid>
<description>Los Angeles is once again the outlier in the national office recovery. While vacancy tightened in more than half of major U.S. markets in Q2, LA’s rate climbed to 25.8%, driven by steep emptying in Downtown and Hollywood even as Century City pulls...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Mon, 20 Jul 2026 17:21:10 -0400</pubDate>
<content:encoded><![CDATA[Los Angeles is once again the outlier in the national office recovery. While vacancy tightened in more than half of major U.S. markets in Q2, LA’s rate climbed to 25.8%, driven by steep emptying in Downtown and Hollywood even as Century City pulls in tenants.
The divide underscores a structural challenge in LA’s office market: The city’s creative-heavy tenant base, including streaming, tech and entertainment firms, has been far slower to return to offices than the financial and legal users fueling absorption on the Westside. 
“We are a market that thrives on creativity,” CBRE Vice Chair Jeff Pion said. “The entertainment industry, technology, media —...]]></content:encoded>
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<title>Santa Monica Offices To Become School: The Los Angeles Deal Sheet</title>
<link>https://www.bisnow.com/los-angeles/news/deal-sheet/santa-monica-offices-to-become-school-los-angeles-deal-sheet-135476</link>
<guid>https://www.bisnow.com/los-angeles/news/deal-sheet/santa-monica-offices-to-become-school-los-angeles-deal-sheet-135476</guid>
<description>A 100K SF office and medical building at 2701 Ocean Park Blvd. in Santa Monica sold to an undisclosed school.
The school will relocate to the property and operate it as a new campus. The office building was more than 70% vacant at the time of sale. Public...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Fri, 17 Jul 2026 17:07:03 -0400</pubDate>
<content:encoded><![CDATA[A 100K SF office and medical building at 2701 Ocean Park Blvd. in Santa Monica sold to an undisclosed school.
The school will relocate to the property and operate it as a new campus. The office building was more than 70% vacant at the time of sale. Public records show the building was owned by an entity connected to Jade Enterprises’ David Taban. ]]></content:encoded>
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<title>Manhattan Beach Studios Shopped As Possible Defense Tech Site</title>
<link>https://www.bisnow.com/los-angeles/news/industrial/manhattan-beach-studios-being-shopped-as-possible-defense-tech-site-135465</link>
<guid>https://www.bisnow.com/los-angeles/news/industrial/manhattan-beach-studios-being-shopped-as-possible-defense-tech-site-135465</guid>
<description>Lenders on Hackman Capital Partners' Manhattan Beach Studios are selling its $240M mortgage, leaning on the South Bay submarket's booming aerospace and defense technology industries in its marketing materials. 
“There’s never been a more perfect...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Fri, 17 Jul 2026 11:43:38 -0400</pubDate>
<content:encoded><![CDATA[Lenders on Hackman Capital Partners' Manhattan Beach Studios are selling its $240M mortgage, leaning on the South Bay submarket's booming aerospace and defense technology industries in its marketing materials. 
“There’s never been a more perfect site for advanced manufacturing,” Cushman & Wakefield Vice Chair Kevin Donner told Bloomberg. “People have been tracking it for a long time.”
Cushman has the listing for the 15-soundstage campus. Deutsche Bank AG and Kennedy Wilson are the lenders on the property. 
The South Bay has been a magnet for defense tech and aerospace companies to grow as federal funding for their products increases. Established companies including Raytheon and Northrop Grumman as well as newer heavy-hitters...]]></content:encoded>
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<title>TSMC To Invest An Additional $100B In Phoenix Chipmaking Facilities</title>
<link>https://www.bisnow.com/national/news/industrial/tsmc-arizona-invest-100-billion-us-manufacturing-total-investment-265-billion-135456</link>
<guid>https://www.bisnow.com/national/news/industrial/tsmc-arizona-invest-100-billion-us-manufacturing-total-investment-265-billion-135456</guid>
<description>Taiwan Semiconductor Manufacturing Co. is investing an additional $100B in manufacturing in the U.S., bringing its total investment commitment to $265B.
The additional investment will mean four more advanced semiconductor manufacturing facilities, bringing...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Thu, 16 Jul 2026 13:17:33 -0400</pubDate>
<content:encoded><![CDATA[Taiwan Semiconductor Manufacturing Co. is investing an additional $100B in manufacturing in the U.S., bringing its total investment commitment to $265B.
The additional investment will mean four more advanced semiconductor manufacturing facilities, bringing the total to 12 leading-edge semiconductor and packaging facilities, according to a release from the Department of Commerce on Thursday. 
"This is to support the strong multi-year demand from our leading U.S. customers, and we believe this investment will further foster the development of the U.S. semiconductor ecosystem, strengthen the supply chain, and support significant job creation in the United States," TSMC Chairman and CEO C.C. Wei said in a statement.
TSMC's new facilities will join existing...]]></content:encoded>
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<title>Milhaus, SRG Residential Complete Merger, Plan To Acquire Broadshore Capital Partners</title>
<link>https://www.bisnow.com/los-angeles/news/multifamily/milhaus-and-srg-residential-complete-merger-acquire-broadshore-capital-partners-135444</link>
<guid>https://www.bisnow.com/los-angeles/news/multifamily/milhaus-and-srg-residential-complete-merger-acquire-broadshore-capital-partners-135444</guid>
<description>Milhaus and SRG Residential completed a merger, forming a national multifamily platform to develop, own and manage apartment communities in more than 20 markets.
Together, Indianapolis-based Milhaus and Newport Beach-based SRG Residential, a subsidiary...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Wed, 15 Jul 2026 14:54:29 -0400</pubDate>
<content:encoded><![CDATA[Milhaus and SRG Residential completed a merger, forming a national multifamily platform to develop, own and manage apartment communities in more than 20 markets.
Together, Indianapolis-based Milhaus and Newport Beach-based SRG Residential, a subsidiary of Sares Regis Group, have $2.5B of total investment activity and more than 50,000 apartments under third-party management, according to a release. SRG Residential's portfolio includes apartment complexes in Long Beach, Irvine, Woodland Hills and Ontario, California. 
The combined company plans to start eight development projects containing more than 2,000 units this year, according to the release. 
Milhaus also announced it will acquire Los Angeles-based Broadshore Capital Partners, an investment management and lending platform. The move will expand Milhaus' capabilities...]]></content:encoded>
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<title>$30B Investment In Limbo After Attorneys General Sue To Stop Paramount, Warners Bros. Merger</title>
<link>https://www.bisnow.com/los-angeles/news/office/paramount-warner-bros-merger-lawsuit-california-attorney-general-135399</link>
<guid>https://www.bisnow.com/los-angeles/news/office/paramount-warner-bros-merger-lawsuit-california-attorney-general-135399</guid>
<description>Twelve attorneys general sued to stop the merger of Paramount and Warner Bros. Discovery, saying the union violates antitrust laws. 
The AGs have joined forces to block Paramount’s $111B grab for Warner Bros. Discovery, which would destroy competition...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Mon, 13 Jul 2026 15:04:39 -0400</pubDate>
<content:encoded><![CDATA[Twelve attorneys general sued to stop the merger of Paramount and Warner Bros. Discovery, saying the union violates antitrust laws. 
The AGs have joined forces to block Paramount’s $111B grab for Warner Bros. Discovery, which would destroy competition between the two entities and impact movie theaters, cable distributors and consumers, according to a statement from California AG Rob Bonta's office. 
"The unlawful merger of these two entertainment behemoths would lead to higher prices, lower quality, and less content for film and television, harming movie theaters, basic cable distributors, and ultimately, audiences on every sofa and movie theater seat in the U.S.,” Bonta said in a statement.
Paramount CEO Larry Ellison is reportedly...]]></content:encoded>
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<title>Palisades Village To Reopen After $100M Fire Recovery Effort</title>
<link>https://www.bisnow.com/los-angeles/news/retail/palisades-village-to-reopen-after-100m-rebuilding-effort-135346</link>
<guid>https://www.bisnow.com/los-angeles/news/retail/palisades-village-to-reopen-after-100m-rebuilding-effort-135346</guid>
<description>Palisades Village, the high-end open‑air retail district in Pacific Palisades, will reopen Aug. 15, more than 18 months after sustaining damage in the historic fires that blazed through greater Los Angeles in January 2025.
Rebuilding cost roughly $100M,...</description>
<author>molly.armbrister@bisnow.com</author>
<pubDate>Wed, 08 Jul 2026 15:55:22 -0400</pubDate>
<content:encoded><![CDATA[Palisades Village, the high-end open‑air retail district in Pacific Palisades, will reopen Aug. 15, more than 18 months after sustaining damage in the historic fires that blazed through greater Los Angeles in January 2025.
Rebuilding cost roughly $100M, according to the property’s owner and developer, Rick Caruso.]]></content:encoded>
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<title>LA City Council Kills Ballot Measure For ULA Multifamily Exemption</title>
<link>https://www.bisnow.com/los-angeles/news/construction-development/ballot-measure-to-exempt-new-housing-construction-from-ula-dead-after-council-vote-135271</link>
<guid>https://www.bisnow.com/los-angeles/news/construction-development/ballot-measure-to-exempt-new-housing-construction-from-ula-dead-after-council-vote-135271</guid>
<description>Los Angeles City Council members voted unanimously Wednesday to shelve efforts to put a Measure ULA exemption for new multifamily construction on the ballot. 
Moments before the council was set to vote on the exemption, Councilmember Katy Yaroslavsky...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Wed, 01 Jul 2026 16:21:56 -0400</pubDate>
<content:encoded><![CDATA[Los Angeles City Council members voted unanimously Wednesday to shelve efforts to put a Measure ULA exemption for new multifamily construction on the ballot. 
Moments before the council was set to vote on the exemption, Councilmember Katy Yaroslavsky introduced another option: vote instead to "note and file" the item, shelving it.
As Wednesday is the last day before the council goes to recess, the item won't be on the November ballot. Measure ULA adds a 4% tax to property purchases from $5.3M to $10.6M and 5.5% to trades larger than $10.6M.
Yaroslavksy praised the power of Measure ULA to fund the affordable housing the city badly needs...]]></content:encoded>
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<title>Kennedy Wilson, Jamison To Convert LA World Trade Center In 4,000-Unit Affordable Housing Push</title>
<link>https://www.bisnow.com/los-angeles/news/construction-development/kennedy-wilson-jamison-team-up-on-dtla-world-trade-center-resi-conversion-135254</link>
<guid>https://www.bisnow.com/los-angeles/news/construction-development/kennedy-wilson-jamison-team-up-on-dtla-world-trade-center-resi-conversion-135254</guid>
<description>Kennedy Wilson and Jamison plan to convert the Los Angeles World Trade Center, a 400K SF office property in Downtown, into 512 residences.
The project is part of a broader effort announced Tuesday to build 4,000 affordable housing units in adaptive reuse...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Tue, 30 Jun 2026 18:07:14 -0400</pubDate>
<content:encoded><![CDATA[Kennedy Wilson and Jamison plan to convert the Los Angeles World Trade Center, a 400K SF office property in Downtown, into 512 residences.
The project is part of a broader effort announced Tuesday to build 4,000 affordable housing units in adaptive reuse and ground-up projects across Los Angeles.
The firms did not offer details on additional projects.
Phase 1 of the project will convert the building’s concourse levels to 241 affordable housing units for households earning 30% to 80% of the area median income and is set to get underway in August. 
Phase 2, planned for the office tower, will add 271 affordable units. A...]]></content:encoded>
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<title>LA Weighs ULA Carve‑Out For New Multifamily As Statewide Transfer Tax Limits Collapse</title>
<link>https://www.bisnow.com/los-angeles/news/construction-development/measure-ula-transfer-tax-november-ballot-135252</link>
<guid>https://www.bisnow.com/los-angeles/news/construction-development/measure-ula-transfer-tax-november-ballot-135252</guid>
<description>The Los Angeles City Council will decide whether to include a measure on the November ballot carving out an exemption for its divisive transfer tax less than a week after horse-trading at the California capital killed a state-level initiative to limit...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Tue, 30 Jun 2026 16:58:42 -0400</pubDate>
<content:encoded><![CDATA[The Los Angeles City Council will decide whether to include a measure on the November ballot carving out an exemption for its divisive transfer tax less than a week after horse-trading at the California capital killed a state-level initiative to limit levies of the same type.
The body will take up the matter at its July 1 hearing. The ballot measure would allow voters to decide whether to allow an exemption for multifamily properties built in the last 10 years from the city’s Measure ULA tax.]]></content:encoded>
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<title>Rosemead Retail Center Gets $46M Refi: The Los Angeles Deal Sheet</title>
<link>https://www.bisnow.com/los-angeles/news/deal-sheet/rosemead-retail-center-gets-46m-refi-135202</link>
<guid>https://www.bisnow.com/los-angeles/news/deal-sheet/rosemead-retail-center-gets-46m-refi-135202</guid>
<description>The owners of Rosemead Place, a 337K SF retail center in Rosemead, secured a $46M refinance from Wells Fargo. 
A Walker &amp; Dunlop team led by Trevor Fase and Lynn Pearson secured the fixed-rate, interest-only permanent debt loan provided by Joel Minugh...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Fri, 26 Jun 2026 12:36:33 -0400</pubDate>
<content:encoded><![CDATA[The owners of Rosemead Place, a 337K SF retail center in Rosemead, secured a $46M refinance from Wells Fargo. 
A Walker & Dunlop team led by Trevor Fase and Lynn Pearson secured the fixed-rate, interest-only permanent debt loan provided by Joel Minugh and James Ko of Wells Fargo on behalf of a family office.]]></content:encoded>
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<title>Defense Company Anduril's 634K SF Costa Mesa HQ For Sale</title>
<link>https://www.bisnow.com/los-angeles/news/office/defense-company-andurils-634k-sf-costa-mesa-hq-for-sale-135182</link>
<guid>https://www.bisnow.com/los-angeles/news/office/defense-company-andurils-634k-sf-costa-mesa-hq-for-sale-135182</guid>
<description>The Orange County headquarters of $61B defense company Anduril Industries is up for sale.
Invesco and SteelWave own the 634K SF office and research facility, which Anduril leases entirely. Anduril has 13 years left on its lease, Bloomberg reported. </description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Thu, 25 Jun 2026 12:40:12 -0400</pubDate>
<content:encoded><![CDATA[The Orange County headquarters of $61B defense company Anduril Industries is up for sale.
Invesco and SteelWave own the 634K SF office and research facility, which Anduril leases entirely. Anduril has 13 years left on its lease, Bloomberg reported. ]]></content:encoded>
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<title>LA Studio Owners Say Survival Depends On Adaptation</title>
<link>https://www.bisnow.com/los-angeles/news/commercial-real-estate/los-angeles-studios-real-estate-adaptation-135116</link>
<guid>https://www.bisnow.com/los-angeles/news/commercial-real-estate/los-angeles-studios-real-estate-adaptation-135116</guid>
<description>Los Angeles’ once‑booming studio real estate machine is grinding through its harshest reset in years as sluggish production levels, rising costs and a glut of newly built stages collide to squeeze owners from every direction.
Yet many of the city’s...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Mon, 22 Jun 2026 18:01:17 -0400</pubDate>
<content:encoded><![CDATA[Los Angeles’ once‑booming studio real estate machine is grinding through its harshest reset in years as sluggish production levels, rising costs and a glut of newly built stages collide to squeeze owners from every direction.
Yet many of the city’s biggest players insist the downturn is survivable, not existential — if they can adapt faster than the turbulence reshaping the industry.]]></content:encoded>
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<title>How AB 130 Is Changing CEQA Reviews For California Housing Projects</title>
<link>https://www.bisnow.com/los-angeles/news/construction-development/ab-130-ceqa-streamlining-construction-development-135074</link>
<guid>https://www.bisnow.com/los-angeles/news/construction-development/ab-130-ceqa-streamlining-construction-development-135074</guid>
<description>Developers and land use attorneys say a relatively new law that exempts certain projects from environmental reviews and challenges has added certainty where there was previously mostly risk in the entitlement process.
While it isn’t a cure-all for what...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Wed, 17 Jun 2026 18:10:31 -0400</pubDate>
<content:encoded><![CDATA[Developers and land use attorneys say a relatively new law that exempts certain projects from environmental reviews and challenges has added certainty where there was previously mostly risk in the entitlement process.
While it isn’t a cure-all for what ails multifamily development in Southern California, it is already plowing down hurdles that projects large and small would normally face in the preconstruction phase. 
Signed into law about a year ago, Assembly Bill 130 exempts qualifying infill residential and mixed-use housing projects from the California Environmental Quality Act and institutes a 30-day limit on how long cities can take to approve applicable projects....]]></content:encoded>
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<title>Equity Residential Sells 400-Unit Koreatown Apartment Complex At $50M Discount</title>
<link>https://www.bisnow.com/los-angeles/news/multifamily/equity-residential-sells-400-unit-koreatown-apartment-complex-50m-discount-135156</link>
<guid>https://www.bisnow.com/los-angeles/news/multifamily/equity-residential-sells-400-unit-koreatown-apartment-complex-50m-discount-135156</guid>
<description>Pacific Urban Investors bought a Koreatown apartment complex at a $50M discount to what the seller, Equity Residential, paid in 2019. 
The property, Next on Sixth, holds 398 apartments and a ground-floor, smaller-format Target. Pacific Urban paid $139M,...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Wed, 24 Jun 2026 14:15:54 -0400</pubDate>
<content:encoded><![CDATA[Pacific Urban Investors bought a Koreatown apartment complex at a $50M discount to what the seller, Equity Residential, paid in 2019. 
The property, Next on Sixth, holds 398 apartments and a ground-floor, smaller-format Target. Pacific Urban paid $139M, or approximately $349K per unit, CoStar News reported. EQR bought the property in 2019 for $189M. 
The sale is among the largest in LA County this year, along with Holland Partner Group’s $141M purchase of a 344-unit Duarte apartment in February and Advanced Real Estate's $202M purchase of two Hollywood towers from Kilroy Realty in April. 
Next on Sixth opened at the corner of Sixth Street and Virgil Avenue in...]]></content:encoded>
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<title>Korean Skincare Retailer Moves Forward With U.S. Expansion</title>
<link>https://www.bisnow.com/national/news/retail/korean-skincare-brand-plots-us-expansion-135151</link>
<guid>https://www.bisnow.com/national/news/retail/korean-skincare-brand-plots-us-expansion-135151</guid>
<description>South Korean skincare retailer Olive Young has opened two stores in the Los Angeles area in the past month, its first locations outside its home country.
The stores in Pasadena and Westfield Century City represent the K-beauty company’s foray into...</description>
<author>emily.wishingrad@bisnow.com</author>
<pubDate>Wed, 24 Jun 2026 12:07:11 -0400</pubDate>
<content:encoded><![CDATA[South Korean skincare retailer Olive Young has opened two stores in the Los Angeles area in the past month, its first locations outside its home country.
The stores in Pasadena and Westfield Century City represent the K-beauty company’s foray into the global market and its first steps in a planned expansion into U.S. retail, Bloomberg and CoStar report.]]></content:encoded>
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<title>Hudson Pacific Partners COO Resigns</title>
<link>https://www.bisnow.com/los-angeles/news/office/hudson-pacific-partners-chief-operating-officer-resigns-135132</link>
<guid>https://www.bisnow.com/los-angeles/news/office/hudson-pacific-partners-chief-operating-officer-resigns-135132</guid>
<description>Hudson Pacific Properties Chief Operating Officer Andrew Wattula resigned last week after nearly a decade at the company. 
Wattula told HPP leadership on Thursday that he was leaving the position he has held since 2021. Wattula began working at HPP...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Tue, 23 Jun 2026 13:48:27 -0400</pubDate>
<content:encoded><![CDATA[Hudson Pacific Properties Chief Operating Officer Andrew Wattula resigned last week after nearly a decade at the company. 
Wattula told HPP leadership on Thursday that he was leaving the position he has held since 2021. Wattula began working at HPP in 2017 and was the executive vice president of Pacific Northwest and Canada office operations before his promotion to COO. 
Wattula’s decision to resign "is not related to any financial or accounting issue or any disagreement with the Company on any matter relating to the Company’s operations, policies or practices," HPP wrote in a Monday filing with the Securities and Exchange Commission. 
Wattula's total...]]></content:encoded>
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<title>Boyle Heights Cold Storage Fire Prompts Emergency Declarations</title>
<link>https://www.bisnow.com/los-angeles/news/industrial/boyle-heights-cold-storage-warehouse-still-burning-after-four-days-135108</link>
<guid>https://www.bisnow.com/los-angeles/news/industrial/boyle-heights-cold-storage-warehouse-still-burning-after-four-days-135108</guid>
<description>Smoke from a burning cold storage warehouse in Boyle Heights continued to blanket large swaths of Los Angeles over the weekend, pushing air‑quality readings into unhealthy territory and prompting emergency declarations from city and state leaders.
Los...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Mon, 22 Jun 2026 14:01:13 -0400</pubDate>
<content:encoded><![CDATA[Smoke from a burning cold storage warehouse in Boyle Heights continued to blanket large swaths of Los Angeles over the weekend, pushing air‑quality readings into unhealthy territory and prompting emergency declarations from city and state leaders.
Los Angeles Mayor Karen Bass issued a local emergency declaration Saturday, followed hours later by a state emergency declaration from Gov. Gavin Newsom, with both citing the public health risks tied to prolonged smoke exposure.
This is the second time in two years that this warehouse has caught fire. It is operated by Lineage, a Michigan-based cold storage company, and owned by Chill Build Los Angeles...]]></content:encoded>
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<title>Netflix To Buy Storied Hollywood Studio At 78% Price Cut</title>
<link>https://www.bisnow.com/los-angeles/news/capital-markets/netflix-to-buy-storied-studio-at-78-discount-to-previous-valuation-135093</link>
<guid>https://www.bisnow.com/los-angeles/news/capital-markets/netflix-to-buy-storied-studio-at-78-discount-to-previous-valuation-135093</guid>
<description>Streaming giant Netflix is buying a Los Angeles film studio at a price that will seem like something from a horror film for other owners in the sector.</description>
<author>mike.phillips@bisnow.com</author>
<pubDate>Fri, 19 Jun 2026 09:38:07 -0400</pubDate>
<content:encoded><![CDATA[Streaming giant Netflix is buying a Los Angeles film studio at a price that will seem like something from a horror film for other owners in the sector.]]></content:encoded>
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<title>Hackman Capital Faces $258M Default</title>
<link>https://www.bisnow.com/los-angeles/news/commercial-real-estate/hackman-capital-partners-studio-real-estate-manhattan-beach-default-135064</link>
<guid>https://www.bisnow.com/los-angeles/news/commercial-real-estate/hackman-capital-partners-studio-real-estate-manhattan-beach-default-135064</guid>
<description>Hackman Capital Partners has defaulted on a $257.6M loan from Deutsche Bank tied to its MBS Media Campus in Manhattan Beach and could be facing foreclosure. 
The notice of default and election to sell under deed of trust was recorded with Los Angeles...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Wed, 17 Jun 2026 14:49:59 -0400</pubDate>
<content:encoded><![CDATA[Hackman Capital Partners has defaulted on a $257.6M loan from Deutsche Bank tied to its MBS Media Campus in Manhattan Beach and could be facing foreclosure. 
The notice of default and election to sell under deed of trust was recorded with Los Angeles County on June 5. It’s the latest link in a chain of lenders' actions on Hackman’s entertainment industry-serving properties, which are feeling the impact of the slowdown in filming and television production in Southern California. ]]></content:encoded>
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<title>Beverly Hills Apartments Score $85M In Construction Financing: The Los Angeles Deal Sheet</title>
<link>https://www.bisnow.com/los-angeles/news/deal-sheet/beverly-hills-apartments-85m-construction-financing-los-angeles-deal-sheet-135012</link>
<guid>https://www.bisnow.com/los-angeles/news/deal-sheet/beverly-hills-apartments-85m-construction-financing-los-angeles-deal-sheet-135012</guid>
<description>Marcus &amp; Millichap Capital Corp. arranged $85M in construction financing for the development of a roughly 298K SF mixed-use project at 55 N. La Cienega Blvd. in Beverly Hills.
MMCC worked on behalf of the undisclosed property owner. Urbanize LA previously...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Fri, 12 Jun 2026 18:56:19 -0400</pubDate>
<content:encoded><![CDATA[Marcus & Millichap Capital Corp. arranged $85M in construction financing for the development of a roughly 298K SF mixed-use project at 55 N. La Cienega Blvd. in Beverly Hills.
MMCC worked on behalf of the undisclosed property owner. Urbanize LA previously reported the site owner is Westland Development Group. The project involves the redevelopment of the commercial site into 140 apartments and 13K SF of ground-floor retail.]]></content:encoded>
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<title>Fast Approvals, Slow Delivery: Just 23% Of Units Approved Under ED 1 Have Been Permitted</title>
<link>https://www.bisnow.com/los-angeles/news/affordable-housing/ed-1-affordable-housing-streamlining-los-angeles-135010</link>
<guid>https://www.bisnow.com/los-angeles/news/affordable-housing/ed-1-affordable-housing-streamlining-los-angeles-135010</guid>
<description>Los Angeles’ affordable housing streamlining effort has produced a flood of approvals since Mayor Karen Bass launched Executive Directive 1 in 2022, but the city’s building boom has yet to materialize. Fewer than a quarter of ED 1‑approved units...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Fri, 12 Jun 2026 17:07:53 -0400</pubDate>
<content:encoded><![CDATA[Los Angeles’ affordable housing streamlining effort has produced a flood of approvals since Mayor Karen Bass launched Executive Directive 1 in 2022, but the city’s building boom has yet to materialize. Fewer than a quarter of ED 1‑approved units have secured permits, revealing a widening gap between entitlement speed and real‑world delivery.
Financing challenges such as high interest rates and the high cost of construction, combined with a disconnect between proposed projects’ locations and the demand for those units, have shown that while making it easier to get a project approved is critical to getting more affordable housing built in the city,...]]></content:encoded>
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<title>HUD Halts LA Homeless Agency Funding Pending Investigation</title>
<link>https://www.bisnow.com/los-angeles/news/affordable-housing/lahsa-hud-investigation-funding-stoppage-134991</link>
<guid>https://www.bisnow.com/los-angeles/news/affordable-housing/lahsa-hud-investigation-funding-stoppage-134991</guid>
<description>The Department of Housing and Urban Development announced Thursday that it was cutting off a major source of funding to the Los Angeles Homeless Services Authority, the embattled joint city and county agency. 
The suspension of funds is pending an...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Thu, 11 Jun 2026 18:12:31 -0400</pubDate>
<content:encoded><![CDATA[The Department of Housing and Urban Development announced Thursday that it was cutting off a major source of funding to the Los Angeles Homeless Services Authority, the embattled joint city and county agency. 
The suspension of funds is pending an investigation launched by HUD’s Office of Inspector General into whether LAHSA violated federal laws, according to a letter HUD sent to LAHSA’s CEO on Thursday. 
The outcome of that investigation determines whether funding is reinstated or whether the agency is permanently debarred. 
“Year after year, hundreds of millions of taxpayer dollars were funneled to LAHSA with little accountability,” HUD Secretary Scott Turner said in a release. “Taxpayers will no...]]></content:encoded>
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<title>SoCal Real Estate Investor Charged With Nearly $100M Bank Fraud</title>
<link>https://www.bisnow.com/national/news/commercial-real-estate/makhijani-fraud-western-alliance-bank-134975</link>
<guid>https://www.bisnow.com/national/news/commercial-real-estate/makhijani-fraud-western-alliance-bank-134975</guid>
<description>Federal officials arrested Orange County investor and financier Mahender Makhijani on Wednesday on charges that he defrauded a bank of nearly $100M. 
Makhijani allegedly manipulated title policies, inflating the value of collateral pledged for loans...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Thu, 11 Jun 2026 12:35:35 -0400</pubDate>
<content:encoded><![CDATA[Federal officials arrested Orange County investor and financier Mahender Makhijani on Wednesday on charges that he defrauded a bank of nearly $100M. 
Makhijani allegedly manipulated title policies, inflating the value of collateral pledged for loans he had with the bank, according to a federal complaint. Although the bank is not named in the complaint, court filings show it is Western Alliance Bank. Western Alliance has a pending case against Makhijani in Los Angeles County Superior Court. 
Makhijani and Continuum Analytics were also named as respondents in an arbitration that earlier this week found he defrauded a business associate and ordered him to pay $1.34B.  
In the...]]></content:encoded>
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<title>Repositioning LA's Westside: Bisnow Event To Examine Santa Monica Commercial Real Estate</title>
<link>https://www.bisnow.com/los-angeles/news/economic-development/repositioning-las-westside-bisnow-event-to-examine-santa-monica-commercial-real-estate-134908</link>
<guid>https://www.bisnow.com/los-angeles/news/economic-development/repositioning-las-westside-bisnow-event-to-examine-santa-monica-commercial-real-estate-134908</guid>
<description>On July 9, Bisnow is bringing together leaders in Santa Monica commercial real estate for its Santa Monica Commercial Real Estate Summit. These local experts will talk about how trends in the city’s retail, hospitality, office and multifamily sectors...</description>
<author>elizabeth.reyn@bisnow.com</author>
<pubDate>Mon, 08 Jun 2026 11:40:17 -0400</pubDate>
<content:encoded><![CDATA[On July 9, Bisnow is bringing together leaders in Santa Monica commercial real estate for its Santa Monica Commercial Real Estate Summit. These local experts will talk about how trends in the city’s retail, hospitality, office and multifamily sectors are driving development and how attendees can deliver properties and communities that meet the demands of tenants and visitors.
Santa Monica Mayor Caroline Torosis and CBRE Managing Director Pat McRoskey will kick off the morning by welcoming attendees to Santa Monica, setting the stage for a conversation about how the city's leadership is approaching growth, investment and the future of its coastal...]]></content:encoded>
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<title>Owner Wins $1.3B Award In Dispute Over Foreclosed OC Properties</title>
<link>https://www.bisnow.com/los-angeles/news/commercial-real-estate/arbitration-award-fraud-case-134966</link>
<guid>https://www.bisnow.com/los-angeles/news/commercial-real-estate/arbitration-award-fraud-case-134966</guid>
<description>An arbitration judge awarded an Orange County property owner $1.34B after nearly three years of proceedings that centered on a fraudulently formed joint venture that took control of nearly two dozen properties in Laguna Beach and Orange County.
Respondents...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Wed, 10 Jun 2026 16:45:33 -0400</pubDate>
<content:encoded><![CDATA[An arbitration judge awarded an Orange County property owner $1.34B after nearly three years of proceedings that centered on a fraudulently formed joint venture that took control of nearly two dozen properties in Laguna Beach and Orange County.
Respondents Mahender Makhijani, his company Continuum Analytics and affiliates were liable for fraudulent inducement, breach of contract, forcible entry and related claims, according to the award. Attorneys for Makhijani did not immediately respond to a request for comment. 
The dispute stemmed from a joint venture that took control of numerous commercial properties previously owned by Mohammad Honarkar and his company, 4G Wireless.]]></content:encoded>
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<title>URW Buying Out Remaining 50% Stake Of San Diego's Westfield UTC For $705M</title>
<link>https://www.bisnow.com/los-angeles/news/retail/urw-buying-out-remaining-50-stake-of-san-diegos-westfield-utc-134956</link>
<guid>https://www.bisnow.com/los-angeles/news/retail/urw-buying-out-remaining-50-stake-of-san-diegos-westfield-utc-134956</guid>
<description>Unibail-Rodamco-Westfield inked a conditional agreement to take full ownership of the Westfield UTC by acquiring the remaining 50% stake in the mall from its unnamed joint venture partner for $705M in cash and shares. 
The roughly 1M SF, upscale open-air...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Wed, 10 Jun 2026 13:15:34 -0400</pubDate>
<content:encoded><![CDATA[Unibail-Rodamco-Westfield inked a conditional agreement to take full ownership of the Westfield UTC by acquiring the remaining 50% stake in the mall from its unnamed joint venture partner for $705M in cash and shares. 
The roughly 1M SF, upscale open-air shopping center sits in San Diego's University City neighborhood, right next to UC San Diego. The transaction is expected to close by the end of the year, according to a release from Westfield.
The announcement noted the deal did not include some parcels that will continue to be owned in partnership, but did not specify which.
The French-based retail company has made significant capital investments in the mall....]]></content:encoded>
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<title>Sawtelle Affordable Project That Used ED 1 Sells For $16.7M: The Los Angeles Deal Sheet</title>
<link>https://www.bisnow.com/los-angeles/news/deal-sheet/sawtelle-affordable-project-used-ed-1-sells-for-167m-los-angeles-deal-sheet-134888</link>
<guid>https://www.bisnow.com/los-angeles/news/deal-sheet/sawtelle-affordable-project-used-ed-1-sells-for-167m-los-angeles-deal-sheet-134888</guid>
<description>Generation Real Estate Partners and Eris Development sold a 44-unit Sawtelle project developed under Executive Directive 1, Mayor Karen Bass’ effort to streamline permitting for 100% affordable housing. The property sold for $16.7M, or more than $379,500...</description>
<author>bianca.barragan@bisnow.com</author>
<pubDate>Fri, 05 Jun 2026 12:21:36 -0400</pubDate>
<content:encoded><![CDATA[Generation Real Estate Partners and Eris Development sold a 44-unit Sawtelle project developed under Executive Directive 1, Mayor Karen Bass’ effort to streamline permitting for 100% affordable housing. The property sold for $16.7M, or more than $379,500 per unit, to the Housing Authority of the City of Los Angeles, public records show. 
The development at 11418 Missouri Ave. was one of the first ED 1 projects to break ground and was completed in 2025. It contains a rooftop amenity space, solar panels, on-site laundry and bicycle storage. Colliers’ Kitty Wallace and Andrew Eberhard facilitated the transaction on behalf of the sellers.
PEOPLE
NAI Capital...]]></content:encoded>
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