Friday, July 19th, 2019
New DTLA Listings This Week
Please see our update on new DTLA listings this week. There are 15 new listings this week ranging from $433,000 to $1,733,000.
Contractor Suing Metropolis for $9.8M
According to Curbed LA, contracting firm Webcor is suing the Metropolis. Meanwhile, they are also embroiled in a lawsuit against Oceanwide, the other delayed Mega South Park project.
California Rent Control Bill Advancing
Curbed Reports that AB1482 which could expand rent control in California, is advancing in the Senate and now includes a “Just Cause” eviction provision. Just cause means landlords must have cause to evict.
Demolition Of Parker Center Complete
Urbanize LA reports the above-ground demolition of the LAPD’s former home is complete. A 27-Story office building will replace the now empty lot.
Griffin & Grace On Spring Sold
The Real Deal is reporting the Holland Partner Group has sold both Fashion District apartments the Grace ($203.5M) and Griffin ($199.6M) apartments on Spring Street. Each building is 24-Stories and together hold a combined 575 units.
Skid Row Zoned Strictly For Affordable Housing?
Curbed is reporting that some advocates want to zone skid row only for affordable housing.