Last week, Los Angeles-based Broadway Federal Bank and Washington D.C.’s City First Bank formally announced their plans to merge the two banks. Under the new structure,… Read More »Merger Makes Historic Los Angeles Bank The Largest Black-led Lender In The Country
In recent weeks, three high-profile power moves have positioned Black men in key leadership roles across the Los Angeles commercial real estate market. Samuel Hughes… Read More »Trio of Black Commercial Real Estate Professionals Step Into New Leadership Roles
Last week, the Los Angeles City Planning Department appointed Faisal Roble to become its first Chief Equity Officer. Roble, who brings more than 30 years… Read More »City Planning Department Names First Chief Equity Officer
The Los Angeles County Board of Supervisors voted to keep the moratorium on residential and commercial evictions in place until at least September 30, 2020.… Read More »Los Angeles County votes to extend eviction moratorium through September 30
4S Bay Partners, a Chicago-based investment firm, recently purchased a 3.27-acre office campus in the Baldwin Hills/Crenshaw area for $35 million. According to an article… Read More »Local Broker Helps Social Impact Fund Buy Office Campus in Baldwin Hills for $35M
On March 25, 2020, Governor Gavin Newsom announced that four of the five major banks – JP Morgan Chase, Citigroup, Wells Fargo and U.S. Bank… Read More »Banks To Defer Mortgage Payments For California Borrowers Impacted By COVID-19 Crisis
As first reported by the New York Times, the Treasury Department released proposed guidelines for the new Opportunity Zone program. An unheralded part of the… Read More »U.S. Treasury Releases Guidelines for Opportunity Zones
A coalition of activists in Inglewood did turn in nearly 14,000 signatures—but more than half were found to be invalid, according to Inglewood City Clerk… Read More »Long Beach, Pasadena, and Inglewood will not pass rent control