Prime Residential adds to Miracle Mile collection with $51M multifamily buy

Prime Residential just plunked down more than $50 million for an apartment complex near Los Angeles’ Museum Row.  The San Francisco-based multifamily owner and operator acquired the 134-unit Palm Court Apartments at 740 South Burnside Avenue for $51.3 million, or roughly $388,000 per unit, Commercia

Edward Durell Stone’s Midcentury Modern Landmark Is for Sale for $4 Million

After two price cuts, the famed 1959 Connecticut residence is seeking its next owner.

Turnbridge-led group offloads Long Beach retail properties for $30M

Mosaic, a six-building retail property in downtown Long Beach, has traded for $30 million.  Mosaic Promenade Holdings LLC, an entity tied to Los Angeles investor Homan Siman, bought the roughly 148,400-square-foot portfolio from Turnbridge Equities, Waterford Property Company and Monument Square Inv

Luxury home remodels on the rise as owners avoid ULA tax

As the impacts of Measure ULA continue to impact Los Angeles real estate, new strategies to avoid the property transfer tax are emerging — including luxury homeowners choosing extensive remodels over selling. While this can mean more business for contractors, brokers are feeling clients’ hesitancy t