Church and state join in push for new wave of resi development
As costs for new developments continue to impact project decisions, some developers are turning to God for answers – well, sort of. By partnering with local churches for new housing on church-owned land, affordable housing developers can eliminate the added cost of a land acquisition, which can be significant. A fourth quarter report from Avison Young shows the typical land acquisition for new developments in Los Angeles County was $100 to $190 per square foot, when examining the middle 40% of 2025 transactions. By that metric, a developer looking to build a 100-unit multifamily complex in L.A. on one acre […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Secessionist references weave through Vienna's Wilde aparthotel
Measure ULA tax could see nearly 75% haircut under new state bill
Rockstar Energy Founder Russ Savage Just Listed 5 Homes for a Combined $297 Million
Oakley founder’s brutalist Beverly Hills estate sells for $47M
Developer loads up Reseda vacant lot with 20 homes, ADUs
Backyard Upgrades for Day-to-Night Entertaining
Perez Hilton Is Leaving Las Vegas, Listing His Modern Mansion for $4.25 Million
Kingsbarn and Kelemen swapping offices for 480 homes in Laguna Hills
Design Debate: Should We Be “Chopping” Our Pillows?
Dr. Phil’s Former Beverly Hills Residence Returns as a $65,000-a-Month Rental
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California, 92656, USA