CIM Group buys WeHo apartments across from its Lot at Formosa property

CIM Group is growing its holdings in West Hollywood while dealing with distress in the Bay Area.  The Los Angeles-based firm just purchased the Domain WeHo apartment community at 7141 Santa Monica Boulevard for an undisclosed price, L.A. Business First reported. CIM acquired the multifamily property

Rexford posts $500M loss, says write-downs to blame

Rexford Industrial, months into its Laura Clark-era, posts a $507 million loss — mostly due to write-downs — for the second quarter, compared to a $113 million profit for the same period last year.  The net loss in the second quarter includes about $625 million of impairments, which “primarily refle

Kennedy Wilson pitches mixed-income multifamily in downtown Santa Monica

Kennedy Wilson is looking to add much-needed housing to Santa Monica’s multifamily inventory.  The Beverly Hills-based firm filed an application with the City of Santa Monica’s Community Development Department to build an eight-story apartment building with 133 units and 137 parking spaces at 700 Co

A SoCal Power Couple’s Custom-Built Ojai Estate Lists for $16.5 Million

Mark and Isabella Pia Sutherland are trading their 4-acre estate for a life at sea.