LA city’s top construction permits: Week ending May 17, 2026

🏆 The largest new development to receive permits last week was in Woodland Hills, where plans were filed to build a 275,710-square-foot multifamily affordable housing project at 6745 North Independence Avenue. The $50.5 million project will feature 395 apartments and stand six stories tall. The dev

Dauntless does it again: Pasadena hotel fetches $450k per key

Dauntless Capital Partners sold a hotel in Old Town Pasadena for $65 million, or about $451,000 a room, The Real Deal has learned. The buyer is little-known David Lee of Cornerstone Hotel Group, a hospitality management company that has begun to accumulate a portfolio of properties as owner-operator

Pasadena median home price blows past new state record: CAR

California just hit a new home price record, but Pasadena has been living in that reality for a while. The statewide median home price climbed to $914,810 in April, Pasadena Now reported, citing new data from the California Association of Realtors. At the same time, Pasadena’s median sale price reac

Airbnb to add grocery delivery and car rentals ahead of World Cup

Airbnb announced Wednesday it was adding new services to its platform, including exclusive FIFA World Cup experiences.