Los Angeles real estate

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Silver Lake’s Silva Apartment: A New Landmark in LA’s Hot Market

A new chapter begins in Silver Lake, Los Angeles, as Cityview and Wafra secure a $73 million loan from 3650 REIT to acquire Silva, a newly built Class-A apartment community. Located at 235 N. Hoover Ave, Silva boasts 360-degree views of iconic landmarks like Hollywood, Downtown LA, and West Los Angeles, offering residents a unique combination of luxury and convenience. With 221 units averaging nearly 1,000 square feet, each home features modern amenities such as 9-foot ceilings and floor-to-ceiling windows. This prime location, only a mile from the heart of Silver Lake, is renowned for its vibrant culinary scene and

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News

Caltrans Property Sales: LA Residents Left Out of Homeownership

California’s transportation department, Caltrans, is selling over 500 properties it seized decades ago for a defunct highway project along the 710 Corridor. While this sale offers a unique chance for reparations to communities harmed by urban renewal projects, many local residents feel excluded from the process, sparking controversy and frustration. Historically, government projects often targeted Black and Latino neighborhoods, displacing families and depriving them of generational wealth. The recent property sales, intended to provide opportunities for homeownership, are failing to fully address these historical injustices. Many long-time tenants who live in the homes being sold are now struggling to secure

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property News

LA’s Office-to-Residential Conversions Surge: CMCT Leads with Luxury Apartments in Mid-Wilshire

Creative Media & Community Trust (CMCT) has recently converted the top two floors of an office building in Los Angeles into 68 luxury apartment units. The property, located at 701 Hudson Avenue in the Mid-Wilshire district, is part of a growing trend of office-to-residential conversions in L.A. The building’s lower floors will still serve as creative office spaces, combining residential and commercial use within the same structure. This project was driven by incentives from L.A.’s Adaptive Reuse Ordinance, which encourages the repurposing of existing buildings to accommodate the city’s housing needs. The transformation of underutilized office space into residential apartments

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