Office, Retail and Parking (full block mixed use campus)
7th and Flower streets, Downtown Los Angeles, Los Angeles County, CA — ~1,400,000 SF / bought for $241M in 2013
The office tower, open air retail and parking garage comprising The Bloc have been brought to market as a single full block campus, with the publication framing the offering as a test of whether Downtown Los Angeles' revived deal flow extends to complex multi use product. The 2013 basis of $241M is the only pricing reference disclosed; no asking price, occupancy or broker was published in the available text.
Parties
owner (undisclosed in available text); listing broker (not disclosed)
4036 Cedarhurst Drive, Orcutt, Santa Barbara County, CA — 128 units
An affiliate of Abacus Capital Group acquired the 128 unit Knollwood Meadows apartments in Orcutt from Knollwood Properties LP, in what the publication describes as one of only a handful of large multifamily sales in Santa Barbara County over five years. Price, price per unit and cap rate were not disclosed, and the coverage notes new supply is pushing Santa Maria vacancy higher. Marcus & Millichap and Institutional Property Advisors appear as page tags only, so broker roles are unconfirmed.
5735 Melrose Avenue, Hollywood, Los Angeles County, CA — $7.25M / ~9,000 SF / ~$806/SF
Audio-Technica bought the two story creative office building at 5735 Melrose Avenue from BLT Enterprises for $7.25M and will use it as its Los Angeles headquarters and showroom. The publication notes the price sits well below what the seller paid six years earlier, making this an owner user clearing a 2019 era basis.
Retail / Entertainment (landmark protected theatre site)
7901 Beverly Boulevard, Los Angeles, Los Angeles County, CA — $7.21M / ~29,000 SF / ~$249/SF / 84% below 2025 ask
The family company behind the Original Farmers Market acquired the landmark protected Fairfax Theatre site for $7.21M, ending a 56 year ownership run. The asking price had fallen by more than four fifths from its 2025 level, which is one of the sharpest disclosed price discovery gaps in a Los Angeles retail trade this year.
3220 Glendale Boulevard, Atwater Village, Los Angeles County, CA — just under $10M / ~15,000 SF / ~$667/SF / $7.35M loan
Engine Real Estate, a Napa Valley father and son investment firm, paid just under $10M for the Glendale Boulevard corner building that once housed G-Son Studios, supported by a $7.35M Mega Bank loan. The buyer plans a French brasserie, a fitness studio and a revived live music room, which is an out of market capital group underwriting Eastside Los Angeles experiential retail.
North Hollywood, Los Angeles County, CA — $5.89M / 41 units / $143,610 per unit / 5.70% cap
A San Fernando Valley buyer paid just under $5.89M for a 41 unit North Hollywood building, pencilling to $143,610 per unit at a 5.70% cap rate. That is a usable San Fernando Valley workforce multifamily comparable with both a per unit and a cap rate disclosed, which is rare in this size band.
15022 Vanowen Street, Van Nuys, Los Angeles County, CA — $5.25M / 24 units / ~$218,750 per unit
The El Camino Trust acquired the 24 unit Vanowen Apartments in Van Nuys for $5.25M, roughly $218,750 per unit. The coverage emphasises that roof, plumbing and electrical systems have already been updated, which is the capital expenditure argument behind the premium to the North Hollywood trade above.
9050 Washington Boulevard, Culver City, Los Angeles County, CA — $103M option / ~198,000 SF / ~$520/SF
Culver City secured an exclusive $103M option to buy the vacant former Sony Pictures Animation campus from Fortress Investment Group, with a decision deadline in late February. At roughly $520 per square foot for a vacant studio campus, the strike price is the clearest public mark on Westside creative office basis since the studio pullback.
Adventist Health Sierra Vista, San Luis Obispo, San Luis Obispo County, CA — $350M
Adventist Health announced an expanded $350M investment in Adventist Health Sierra Vista, adding private patient rooms, a new emergency department, a birth centre, an intensive care unit, and operating and procedure rooms. It is the largest single institutional construction commitment disclosed in San Luis Obispo County this year and will pull medical office and contractor demand with it.
1331 Wilshire Boulevard, Santa Monica, Los Angeles County, CA — $22M purchase price (December 2025)
A Minor Use Permit hearing set for October 13 to allow alcohol sales at 1331 Wilshire Boulevard signals Trader Joe's intends to open a store in the former Rite Aid building it bought for $22M in December 2025. The company has made no formal announcement, so the permit filing is the first hard evidence of grocery backfill in a vacated Westside drug store box.
Parties
Trader Joe's (owner and prospective operator); City of Santa Monica (approving authority)
1670 Lincoln Boulevard, Santa Monica, Los Angeles County, CA — 138 apartments / 5,667 SF commercial / 123 parking spaces / 8 stories
ValueRock Realty has applied to demolish the Mel's Drive-In restaurant and its parking lot at 1670 Lincoln Boulevard for an eight story building with 138 apartments and 5,667 square feet of ground floor commercial space. The filing adds another Lincoln Boulevard corridor project to Santa Monica's pipeline at a moment when the city is also absorbing state density preemption.
Parties
ValueRock Realty (owner and applicant); Ottinger Architects (architect)
3200 East Carson Street, Lakewood, Los Angeles County, CA — 388 units / >630,000 SF / ~5 acres / 5 stories
JPI plans a five story, 388 unit building totalling more than 630,000 square feet on a nearly five acre site, replacing a 1980s office building that AARP reportedly sold in December 2025. It is one of the largest single site multifamily filings in the South Bay / Gateway submarket this year and converts obsolete suburban office land to housing.
Parties
JPI (developer); AO (architect); AARP (prior owner, sold December 2025)
7220 Maie Avenue, Florence-Firestone, Los Angeles County, CA — 160 affordable units / 7 stories / $51M bonds / $30.8M state award
Meta Housing Corp. has completed Metro @ Florence Apartments, a seven story, 160 unit affordable building of studios, one and two bedrooms on a former car wash site adjacent to Florence Station. The capital stack included $51M in bonds and a $30.8M state award, a useful subsidy benchmark for transit adjacent affordable deals in unincorporated Los Angeles County.
Hollywood Burbank Airport, Burbank, Los Angeles County, CA — $1.3B / 355,000 SF / 14 gates
The $1.3B, 355,000 square foot, 14 gate replacement terminal at Hollywood Burbank Airport was celebrated with a ribbon cutting and opens to the public October 13. Completion of the largest public works delivery in the San Fernando Valley reprices the Burbank and North Hollywood industrial and hospitality catchment around it.
2320 North Parmalee Avenue, Compton, Los Angeles County, CA — 60 homes / 48 market rate and 12 affordable / 4.37 acres / 2 stories
G3 Urban has filed for 60 two story homes on a 4.37 acre Compton site, 48 market rate and 12 affordable, submitted under Builder's Remedy. Builder's Remedy filings in Gateway Cities remain the clearest signal of where local housing elements are out of compliance and where entitlement risk has shifted to the state.
Parties
G3 Urban (developer and applicant); Architeyk (architect)
1238 7th Street, Santa Monica, Los Angeles County, CA — 26 to 28 units / 4 stories
Hankey Capital's four story affordable project at 1238 7th Street has come back with slightly higher density than earlier plans. The source gives 26 apartments in its subtitle and 28 rental units in the body, so the unit count is unconfirmed [pub date — event date unconfirmed].
Parties
Hankey Capital (developer); Ottinger Architects (architect)
633 West Fifth Street, Downtown Los Angeles, Los Angeles County, CA — 55,349 SF across four leases
Silverstein Properties announced 55,349 square feet of office leasing at U.S. Bank Tower, combining a Morgan & Morgan expansion to 13,517 square feet, a new 13,682 square foot full floor for Buro Happold, an 11,411 square foot 32nd floor lease for the Los Angeles Area Chamber of Commerce on a 10 year term, and ICF relocating into 3,131 square feet. ICF is arriving from the county owned Gas Company Tower at 555 West Fifth Street, so the trophy block is absorbing tenants from distressed neighbouring stock rather than from net new demand.
Parties
Silverstein Properties (landlord); Morgan & Morgan (tenant, 5,091 SF expansion to 13,517 SF); Buro Happold (tenant, 13,682 SF full floor); Los Angeles Area Chamber of Commerce (tenant, 11,411 SF, 10 year term); ICF (tenant, 3,131 SF relocation)
633 West Fifth Street, Downtown Los Angeles, Los Angeles County, CA — 14,000 SF total after 6,022 SF expansion / term through 2037
Mizrahi Tefahot Bank added 6,022 square feet at U.S. Bank Tower and signed a 10 year extension, taking it to roughly 14,000 square feet and committing through at least 2037. An eleven year foreign bank commitment is the longest disclosed term in the building's current leasing run and underwrites the tower's stabilised cash flow.
Parties
Mizrahi Tefahot Bank (tenant); Silverstein Properties (landlord)
3220 Glendale Boulevard, Atwater Village, Los Angeles County, CA — $7.35M loan against a purchase just under $10M / ~74% LTC
Mega Bank provided a $7.35M loan supporting Engine Real Estate's sub $10M acquisition of the former G-Son Studios building, implying roughly 74 percent of cost. Bank debt at that proportion on a vacant to be repositioned experiential retail asset is a notable datapoint on regional bank appetite for Eastside Los Angeles value add.
Kern River, Kern County, CA — statewide precedent on Fish and Game Code Section 5937
California Supreme Court justices heard argument on how the Fish and Game Code Section 5937 fish flow requirement interacts with the state constitution's reasonable use clause, in the case arising from a 2023 injunction the Fifth District Court of Appeal had overturned. The outcome sets the balance between instream flow obligations and agricultural diversion rights statewide, which goes directly to the underwriting of Kern County irrigated farmland.
Parties
Bring Back the Kern (plaintiff); Water Audit California (plaintiff); City of Bakersfield (defendant); California Attorney General and Department of Fish and Wildlife (supporting plaintiffs); agricultural water districts holding Kern River rights (interested parties)
San Joaquin Valley (eight counties), CA — more than 800 potential actions through 2040
A newly released report, Closing the Gap: A Unified Water Plan for the San Joaquin Valley, sets out more than 800 potential actions across eight San Joaquin Valley counties through 2040, covering supply reliability, flood resilience and ecosystem protection. It is the first valley wide framing of the post SGMA supply gap and will shape which basins can defend their current irrigated acreage.
Parties
report authors and participating regional water agencies
The District at Northgate, North Seattle, King County, WA — 55 acre redevelopment / 234 unit Everis apartment opening
Simon Property Group retired the Northgate Station name in favour of The District at Northgate and opened the 234 unit Everis apartment building within its 55 acre North Seattle redevelopment. The article's tags name AC Hotel by Marriott and Residence Inn by Marriott, so hotel product sits inside the district, but the lodging component is not described in the available text and remains unconfirmed.
Parties
Simon Property Group (owner and developer); AC Hotel by Marriott and Residence Inn by Marriott (hotel brands referenced in article tags)
Santa Monica and California coastal zone, Los Angeles County, CA
Governor Newsom signed AB 1740, setting a timeline for Santa Monica to obtain a certified Local Coastal Program so the city can process most coastal development permits itself. The bill also allows the Coastal Commission's executive director to waive permit requirements for projects converting road space to bike, transit or pedestrian use, which removes a discretionary approval layer that has historically added years to Santa Monica coastal zone timelines.
Parties
Governor Gavin Newsom (signing authority); Assemblymember Rick Chavez Zbur (author); City of Santa Monica (beneficiary); California Coastal Commission (regulator)
Hospitality / Private Club (city owned ground lease)
2640 Main Street, Santa Monica, Los Angeles County, CA — up to 20% of memberships reserved as resident scholarships
City records show the Council approved transferring the lease on the city owned Victorian property at 2640 Main Street to The Santamonican Club, LLC, which plans a members club with a pool, spa and fitness centre. The plan reserves up to 20 percent of memberships as free scholarships for qualifying residents and preserves the public parking and the farmers market on site.
Parties
The Santamonican Club, LLC (lessee and operator); City of Santa Monica (owner and approving authority)
An opinion column reports the City Council endorsed SB 79 and then missed its own deadline, leaving developers free to submit projects above local zoning limits. The column also questions whether the moderately priced townhomes promised in the Pico area will materialise at current listing prices; because the source is a column rather than reporting, the procedural detail should be confirmed against the Council record before it is relied on.
Parties
City of Santa Monica (local authority); project applicants (beneficiaries)
Pacific Palisades, Altadena and wider Los Angeles County, CA
Rebuilding the neighbourhoods destroyed in the January 2025 wildfires has become the region's largest live test of artificial intelligence in plan check and permitting. Processing time is the binding constraint on rebuild economics across tens of thousands of parcels, so any durable reduction in plan check duration feeds straight into Los Angeles County residential feasibility.
Parties
City and County of Los Angeles permitting authorities (adopters); developers and technology vendors (users)
Office, Flex and Industrial (AI and defence tenancy)
Los Angeles and Orange counties, and San Diego County, CA — 2,100,000 SF occupied in Los Angeles and Orange counties; 600,000 SF in San Diego; 2,700,000 SF Southern California total
A 2026 JLL study finds artificial intelligence companies occupy 2,100,000 square feet across Los Angeles and Orange counties and a further 600,000 square feet in San Diego, with defence and robotics demand steering those requirements toward flex and industrial buildings rather than offices. The Los Angeles figure is reported combined with Orange County and cannot be isolated to the four county footprint, but the direction is material: the fastest growing tenant cohort in Southern California is competing for industrial rather than office space.
To receive it directly, reach out. Briefings go to a small group of
owners, investors, and institutional groups who need to know before the
market does.
