“The Bachelorette” ranch looking for love with $78M listing

A well-positioned buyer has the chance to give their rose to a sprawling estate in the Los Angeles area.  Hummingbird Nest Ranch, a roughly 124-acre property in Simi Valley, is on the market for $78 million, the Wall Street Journal reported. The ranch has been used as a filming location for reality

DTLA mixed-use loan sent to special servicing after $32M default

A roughly $32 million loan on the Metropolitan building downtown was sent to special servicing after the borrower defaulted on their commercial mortgage-backed securities debt, according to Morningstar Credit.  Servicer commentary via Morningstar reported a notice of default was sent, and the lender

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 s

California’s First Woman Architect Designed This 1911 Berkeley Home Seeking $2.7M

Set at the top of historic Rose Walk, the lightly updated Arts and Crafts–style residence by Julia Morgan has panoramic views of the San Francisco Bay.Location: 1400 Le Roy Avenue, Berkeley, California Price: $2,695,000 Year Built: 1911 Architect: Julia Morgan Footprint: 3,496 square feet (4 bedroom