Industry News
Primestor Secures $165M To Fund Vision For Development In Urban Communities
Primestor Development, a leading minority-owned and minority-led urban impact developer, announced that it has officially closed the first round of its Urban Vision Fund. Anchored by equity commitments from Belay Investment Group and LGT Capital Partners, Primestor will use the…
LADWP Approves Pilot Program To Speed Construction and Lower Development Costs For Affordable Housing
The Board’s “Project PowerHouse” pilot program would end requirement that developers of 100% affordable housing pay for power infrastructure upgrades and implement plans for faster power design services for affordable housing builders to align LADWP policy with Mayor Karen Bass’s…
USC Marshall and USC Price School Announce New Joint Degree In Real Estate
The USC Marshall School of Business and the USC Sol Price School of Public Policy have announced a new joint degree, BS Real Estate Finance and Development (REFD), that combines the two school’s strengths in real estate finance, investment, development and urban…
LA Metro To Provide Surplus Land Near Transit To Create 10K Affordable Homes
The Los Angeles Metropolitan Transportation Authority (LA Metro) board announced their intention help turn surplus, vacant, and underused land over to developers for building temporary or permanent shelter for the homeless. Typically, LA Metro’s excess land is snapped up by…
For Avanath CEO Daryl Carter, A $220M Investment In Baldwin Village Is Really All About Community
As real estate investors continue to ‘discover’ untapped potential in South Los Angeles, skyrocketing home prices and unsustainable rent growth have fueled legitimate concerns over displacement among long-time residents in the historically Black and Latino community. Against that backdrop, the…