One Mid-City house could become nearly a dozen smaller single-family homes

A single-family home in Mid-City could be turned into nearly a dozen small houses.  Eric Luna of V.E.M.L. Drafting has filed an application to the Los Angeles Department of City Planning to redevelop the lot at 1882 South Cochran Avenue into nine single-family homes, Urbanize Los Angeles reported. T

Decron lands $83M Fannie Mae financing for Simi Valley apartments

Decron Properties scored more than $80 million in refinancing for an apartment complex in Ventura County. The Los Angeles-based firm received an $82.9 million refinancing loan for the River Ranch apartments at 1518 Patricia Avenue in Simi Valley, Multi-Housing News reported. Fannie Mae provided the

LA County’s Affordable Housing Trust dishes out for developers

Los Angeles County is investing more money in affordable housing projects.  The Los Angeles County Board of Supervisors approved more than $23 million in loans for two affordable housing developments in Bellflower and unincorporated Arcadia, Urbanize Los Angeles reported. When complete, the two deve

Cain scores $4B financing for One Beverly Hills megaproject

A long-gestating Beverly Hills megaproject just locked in a hefty tranche of construction financing. One Beverly Hills, a 17.5-acre mixed-use development anchored by Aman-branded residences and a revamped Beverly Hilton, closed $4.3 billion in financing to complete construction, its developers annou