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West Hollywood Pit Project Pivots From Offices to 282 Apartments

West Hollywood's stalled Melrose Triangle pit gets new plans trading office space for 282 apartments and retail after five years of setbacks. The post West Hollywood Pit Project Pivots From Offices to 282 Apartments appeared first on Propmodo.

Court Decision Protects Atmospheric Research Critical to Real Estate Industry

Federal judge blocks Trump administration's attempt to seize Wyoming supercomputing center from Boulder-based atmospheric research consortium under Administrative Procedures Act. The post Court Decision Protects Atmospheric Research Critical to Real ...

Net-Lease REIT Builds Medical Portfolio With 102-Property Vet Deal

Four Corners Property Trust acquires 102 veterinary properties for $268 million in triple-net lease deal with Mission Pet Health as tenant. The post Net-Lease REIT Builds Medical Portfolio With 102-Property Vet Deal appeared first on Propmodo.

Family-Run Japanese Hotel Chain Expands to US Gateway Markets

APA Group is expanding into US gateway cities and franchising Coast Hotels, aiming to double overseas rooms by 2031 despite loyalty program gaps. The post Family-Run Japanese Hotel Chain Expands to US Gateway Markets appeared first on Propmodo.

Housing Market Stagnation Drives Mass Exodus From Brokerage Ranks

The real estate industry faces a major shift as thousands of agents leave amid a sluggish market, shrinking NAR membership, and rising tech competition. The post Housing Market Stagnation Drives Mass Exodus From Brokerage Ranks appeared first on Prop...

Most Real Estate Organizations Fail to Train Employees on AI

AI is rapidly transforming commercial real estate, but new research reveals a troubling gap between adoption and employee training for effective use. The post Most Real Estate Organizations Fail to Train Employees on AI appeared first on Propmodo.

Palm Springs mansion with mob-linked history hits market for nearly $7M

A Palm Springs home that once served as an escape for a mob-affiliated family is now available for purchase. The three-bedroom, five-bathroom manse at 1255 East Via Estrella is on the market for nearly $6.8 million, Robb Report reported. The home w...

Glendale Planning Commission considers NIMBY challenge to 87-unit multifamily project

Some Glendale residents are hoping the Glendale Planning Commission will put the kibosh on a proposed multifamily development in the city. On Wednesday, the Planning Commission will consider an appeal against a project that would replace a mult...

BKM, Kayne Anderson drop nearly $2B for Link Logistics industrial portfolio

BKM Capital Partners and Kayne Anderson Real Estate added over 3 million square feet of light industrial real estate in Southern California to their joint venture’s growing collection. The firms, which entered into a partnership to buy $1.5 billi...

Westsider trails SF’s Kim for insurance commissioner, with ripples for resi market likely

If preliminary results are any indication, it looks as though former San Francisco Supervisor Jane Kim has secured a spot in the November runoff for the post of California insurance commissioner, while a favorite of the real estate industry will not ...

Hackman vet Zach Sokoloff appears set to lose LA city controller race

Hackman Capital Partners veteran Zach Sokoloff is likely to lose the race for Los Angeles city controller, based on early results. Incumbent Kenneth Mejia will probably keep his watchdog spot, an office seen as a motherlode of political potential, de...

Bass heads to runoff, too close to call on Pratt, Raman

The results are still rolling in, but Mayor Karen Bass can claim a win, and reality television star Spencer Pratt appears to be next in the runoff for Los Angeles mayor. The two appear to be on track to face off in the November election, based on pre...