The Mark Company Standard Monthly Reports Los Angeles

Transcription

The Mark Company
Standard Monthly Reports
Los Angeles
May 2013
Contents
Executive Summary
Currently Selling Developments
Resale Developments
Pipeline Report
TMC Disclaimer
Notes
1) Currently Selling is defined as a new construction residential project selling for the first time or
a project in which units have never been lived in as owner-occupied.
2) Resale is defined as a residential unit that has been sold at least once before and has
previously been lived in.
3) This report covers Currently Selling residential developments with 20+ Market Rate units
and Resale residential developments with 50+ Market Rate units located in Downtown Los Angeles and
along the Golden Mile.
4) Assume that projects located in the Currently Selling section are actively selling units unless
noted otherwise.
5) Date On Market refers to the date the Sales Center opened.
6) Average Absorption is calculated from Date On Market through the first of the month prior
to the date of the report. It accounts for units both in contract and closed.
7) Average Price/SF is calculated using only units where both square footage and price are
known. Average Price/SF is defined as the average price divided by the average square
footage. Averages are weighted averages.
8) Developments are considered Sold Out once the last Market Rate unit has closed OR there
have been six months without a closing, all units are in contract and the Sales Center
is closed (e.g. there is no active marketing). At that point, projects will be moved to the
Resale section and tracked for resale closings.
9) Market Rate Units Available in the Pipeline Report refers to the estimated number of
Market Rate units available for sale at the development (e.g. not in contract or closed).
10) Marketing to Commence in the Pipeline Report refers to the date that the Sales Center is
expected to open for projects that are Currently Under Construction.
11) Completion Date in the Pipeline Report refers to the expected date of completion for a
project that is Approved and/or Under Review.
11) Below Market Rate units are omitted from the new construction and resale closings.
Standard Monthly Reports - Los Angeles - May 2013
Executive Summary
New Construction Summary - March Closings
Unit Type
# of
Sales
Average
Size (SF)
Size
Range
Average
Price
Studio / Junior One Bedroom
0
n/a
n/a
n/a
n/a
n/a
One Bedroom
8
1,343
1,000 - 1,910
$725,125
$429,000 - $1,190,000
$540
Two Bedroom
18
1,594
1,190 - 2,603
$848,333
$515,000 - $1,675,000
$532
Three (or more) Bedroom
7
1,704
1,690 - 1,730
$896,857
$769,000 - $1,040,000
$526
Price Range
$/SF
Other (Unknown Type)
0
n/a
n/a
n/a
n/a
n/a
All Types
33
1,566
1,000 - 2,603
$828,758
$429,000 - $1,675,000
$532
Resale Summary (Downtown Los Angeles & Golden Mile) - March Closings
Unit Type
# of
Sales
Average
Size (SF)
Size
Range
Average
Price
Price Range
$/SF
Studio / Junior One Bedroom
4
862
481 - 1,130
$315,375
$160,000 - $426,000
$364
One Bedroom
18
1,066
481 - 1,778
$465,363
$225,500 - $839,000
$436
Two Bedroom
10
1,887
880 - 2,867
$871,000
$450,000 - $2,100,000
$462
4
1,881
1,400 - 2,608
$687,000
$518,000 - $1,060,000
$365
Other (Unknown Type)
0
n/a
n/a
n/a
n/a
n/a
All Types
36
1,362
481 - 2,867
$586,001
$160,000 - $2,100,000
$430
Pipeline Summary
Currently
Selling
Under
Construction
Approved
Under Review
354
146
4,195
5,931
Rental
-
3,941
3,952
3,089
On Hold - Market Rate
0
82
1,234
908
Product Type
Condominium
On Hold - Rental
All Types
-
0
0
0
354
4,169
9,381
9,928
Currently Selling
The following section contains sales information and updates
for currently selling developments with 20+ Market Rate units
located in Los Angeles’ Downtown, Hollywood, Koreatown/Wilshire
Center and West Los Angeles Luxury areas.
Project List
Downtown Los Angeles
655 Hope
940 East 2nd Street
Evo
Gallery Lofts
The Beacon Lofts
The Ritz-Carlton Residences at L.A. LIVE
Hollywood & West Hollywood
The Hollywood
The W Hollywood
Koreatown / Wilshire Center
Solair
West Los Angeles Luxury
Beverly West
Montage Beverly Hills
The Carlyle Residences
The Century
CURRENTLY SELLING
655 Hope
655 Hope offers one- and two-story homes on floors 6
through 17 of a commercial office building in downtown
Los Angeles. Homes range between approximately 600
and 1,268 square feet in size.
Interior appointments include hardwood flooring,
floor-to-ceiling windows, granite countertops, dark wood
cabinetry with under-cabinet lighting, stainless steel
appliances and walk-in closets. Community amenities
consist of doorman service, a fitness center, valet
parking, smartwiring, roof deck entertainment zone with
a wet bar, business center, helicopter landing pad on the
rooftop, community room and a covered parking garage.
The developer is offering a 3.0 percent broker
cooperation.
Available list prices dated May 2013:
One Bedroom
Starting List Price: $319,000 - $505,000
Average Size: 636 - 678 SF
Starting List Price/SF: $502 - $745
Two Bedroom
Average Size: 1,178 - 1,233 SF
Address
655 Hope Street
Developer
SECK Group, LLC
Total Units
80
Average HOA Fees
$600 -$780/month
Date on Market
July 2007
Average Absorption
1 unit/month
Closings Commenced
September 2010
Last Six Months Price/SF
$542 (14 units)
Sales status through March 2013
72 closed
4 in contract
4 available
There were no closings reported during March 2013.
CURRENTLY SELLING
940 East 2nd Street (All Units In Contract)
Formerly called Barn Lofts, 940 East 2nd Street offers
38 townhome lofts. Located in downtown Los Angeles’
Arts District, the homes feature original brick walls, custom made doors and windows and operable clerestory
windows.
Interior finishes include CaesarStone countertops,
European-designed kitchens, Energy Efficient stainless
steel appliances and concrete, oak or wool carpet
flooring. The two-bedroom townhomes range in size
from 1,285 to 2,603 square feet.
All units are in contract. The project will be removed from
the Currently Selling section once all units have closed
escrow or six months have passed without a closing
reported.
Address
940 East 2nd Street
Owner
Canyon Johnson
Urban Funds
Total Units
38
Average HOA Fees
$338/month
Date on Market
June 2011
Average Absorption
2 units/month
Closings Commenced
November 2011
$495 (7 units)
37 closed
1 in contract
0 available
Closed sales during March 2013
Unit
Type
SF
Closing
Price
$/SF
Closed
Date
6
2/2.5
2,603
$1,260,000
$484
3/29/2013
37
2/2.5
2,463
$1,285,000
$522
3/27/2013
38
2/2.5
2,146
$1,200,000
$559
3/22/2013
26
2/2.5
1,332
$595,000
$447
3/5/2013
2,136
$1,085,000
$508
Averages:
CURRENTLY SELLING
Evo
With its façade of sculpted glass and metal panels, Evo
marks the third phase of The South Group’s “South”
neighborhood. Evo is a ground-up, new construction
project. The first two projects, Elleven and Luma, feature
soft-loft designs. In addition to featuring lofts, Evo also
has two-story townhomes.
The homes range from 730 to 3,500 square feet in size
and feature up to 11-foot ceilings, performance-glazed
operable windows, walk-in closets, Juliet balconies and
Millennium hardwood floors in a variety of finishes. The
kitchens boast CaesarStone countertops with matching
backsplashes, stainless steel ovens, cooktops and
dishwashers by Bosch and stainless steel refrigerators
by Amana. Kitchens in the penthouses come with Viking
stainless steel appliances.
The project includes an attended lobby, 24-hour security,
Wi-Fi Internet in the common areas and three levels of
subterranean parking. Rooftop amenities consist of a
pool, poolside cabanas, outdoor fireplace, barbeque
areas, media room, entertainment bar and fitness center.
With use of sustainable materials and energy-efficient
construction techniques, Evo became the first LEEDcertified residential high-rise building in downtown Los
Angeles.
Address
1155 S. Grand Avenue
Developer
The South Group
Total Units
311
Average HOA Fees
$500 - $800/month
Date on Market
July 2007
Average Absorption
5 units/month
Closings Commenced
October 2008
$618 (3 units)
302 closed
Information Unavailable
CURRENTLY SELLING
Address
120-130 Hewitt Street
Owner
Pacifica Companies
Total Units
33
Average HOA Fees
$265 - $350/month
Date on Market
April 2011
Average Absorption
<1 unit/month
Closings Commenced
August 2012
$324 (12 units)
Gallery Lofts (All Units In Contract)
Formerly planned as a rental property named Hewitt First
Lofts, Gallery Lofts is located in the heart of downtown
Los Angeles’ vibrant Arts District. The 33-unit adaptive
re-use project is spread across two buildings.
The lofts feature 18-26 foot cathedral ceilings, maple
flooring, stainless steel appliances, granite countertops
and custom cabinetry. The open floor plans range from
800 to 2,500 square feet in size. Residents will have
access to secure, gated parking and an array of
shopping, dining, cultural and transportation options right
outside their door.
Gallery Lofts is sold out. The project will be removed
from the Currently Selling section once all units have
closed escrow or six months have passed without a
closing reported.
20 closed
13 in contract
0 available
CURRENTLY SELLING
The Beacon Lofts (All Units In Contract)
The Beacon Lofts is a collection of live/work artist lofts
in the Downtown Los Angeles Arts District. Located in
a historic 1920s industrial building, the one- and twobedroom homes feature high ceilings, concrete floors
and open floor plans. Residents have access to a roof
top deck with a hot tub and grilling area.
Beacon Lofts is sold out. The project will be removed
from the Currently Selling section once all units have
closed escrow or six months have passed without a
closing reported.
Address
825 East 4th Street
Developer
Peklar Pilavjian
Total Units
53
Average HOA Fees
Unknown
Date on Market
November 2012
Average Absorption
52 units/month
Closings Commenced
February 2013
$400 (4 units)
4 closed
0 available
Closing
Price
$/SF
Closed
Date
$429,000
$429
3/22/2013
$439,000
$404
3/22/2013
Unit
Type
SF
101
1/1
1,000
103
1/1
1,087
1,044
$434,000
$416
Averages:
49 in contract
CURRENTLY SELLING
The residences occupy floors 27 through 50, with
penthouses occupying the 51st and 52nd floors. Below
The Ritz-Carlton Residences will be a 123-room RitzCarlton Hotel and 878-room J.W. Marriott Hotel. L.A.
LIVE is an approximately four million square foot sports
and entertainment destination site adjacent to the
STAPLES Center and the Los Angeles Convention
Center.
L.A. LIVE showcases a Regal Cineplex, Nokia
Theater, luxury apartments, upscale eateries, other retail
and entertainment venues, including a bowling alley
and the Grammy Museum. The development includes
150,000 square feet of commercial office space and a
120,000 square foot building that houses the West Coast
broadcasting studios for ESPN.
The developer is offering a 3.0 percent broker
cooperation rate. Available homes are priced from
$1,070,000. There was a bulk sale of 63 units that
closed escrow in September 2012. Closing details are
not yet available.
Address
W. Olympic Boulevard &
Francisco Street
Developer
AEG; Ritz-Carlton
Total Units
224
Average HOA Fees
$1,700 - $4,260/month
Date on Market
May 2007
Average Absorption
2 units/month
Closings Commenced
February 2011
$844 (22 available units)
153 closed
11 in contract
60 available
Unit
Type
SF
Closing
Price
$/SF
Closed
Date
34H
2/2.5
1,763
$1,450,000
$822
3/29/2013
38B
2/1.5
1,940
$1,675,000
$863
3/29/2013
30F
1/1.5
1,044
$770,000
$738
3/7/2013
30I
1/1.5
1,476
$1,190,000
$806
3/4/2013
1,556
$1,271,250
$817
Averages:
CURRENTLY SELLING
Address
6735 Yucca Street
Owner
PEI Asset Pool III
Total Units
40 (54 total; 14 sold pre-2011)
Average HOA Fees
$700/month
Date on Market
September 2011
Average Absorption
<1 unit/month (since re-opening)
Closings Re-Commenced Last Six Months Price/SF
$453 (11 units)
December 2011
The Hollywood
The Hollywood originally hit the market in 2007 and
closed 14 units. The 54-unit building was foreclosed on
in 2010 and sales were put on hold. The building is now
being re-released for sale under new ownership. The
Hollywood is located steps from popular retail shops,
restaurants, arts and entertainment venues and public
transportation.
Building amenities include two levels of subterranean
parking, a two-story lobby, resort-like pool and spa, gym
and sports lounge and web-accessible security cameras.
Homes feature nine-foot ceilings, European terrazzo
floors, Italian-manufactured custom vanities, separate
powder rooms, panoramic city views, stainless steel
appliances and eco-intelligent fireplaces with built-in air
purifiers. The penthouses have 18-foot ceilings.
Homes range in size from 1,200 to 2,600 square feet.
Approximately half of the homes are currently being
leased, but the Sales Center is now exclusively selling
homes. The developer is offering a 3.0 broker
cooperation rate and open to negotiations.
Two Bedroom
Penthouse
Starting List Price: $775,000 - $1,100,000
13 closed
3 in contract
24 available
Unit
Type
SF
Closing
Price
$/SF
Closed
Date
201
2/3
1,280
$545,000
$426
3/29/2013
202
2/3
1,190
$515,000
$433
3/29/2013
205
2/3
1,490
$595,000
$399
3/29/2013
402
2/3
1,190
$540,000
$454
3/29/2013
407
2/3
1,390
$579,000
$417
3/11/2013
411
2/3
1,390
$579,000
$417
3/11/2013
1,322
$558,833
$423
Averages:
CURRENTLY SELLING
The W Hollywood
The W Hollywood is a transit-oriented, mixed-use project
being jointly developed by Gatehouse Capital of
Dallas, Texas and Legacy Partners of Foster City,
California. Sited at the world-famous intersection of
Hollywood Boulevard and Vine Street, the project is
adjacent to the Hollywood/Vine Metro Red Line Station.
The development is within walking distance of the Kodak
Theater, the official home of the Academy Awards.
Amenities include a 25-yard rooftop pool that converts to
a nightclub after dark, a business center, fitness center
and personal chef services. Residents also have
signing privileges at all on-site restaurants, spas and bars.
Finishes include Dornbracht bathroom fixtures, Poliform
closet systems and cast iron bathtubs with Brazilian
fossilized limestone surrounds. Kitchens are appointed
with CaesarStone granite countertops, Varenna kitchen
cabinets by Poliform in Wenge finish and energy-efficient
Kuppersbusch ovens, stoves and dishwashers.
Available list prices as of May 2013:
One Bedroom
Two Bedroom
Starting List Price: $695,000 - $1,823,000
Address
6282 Hollywood Boulevard
Owner
HEI Hotels & Resorts
Total Units
143
Average HOA Fees
$1,686/month
Date on Market
October 2007
Average Absorption
1 unit/month
Closings Commenced
June 2010
$459 (29 units)
73 closed
8 in contract
62 available
Unit
Type
SF
Closing
Price
$/SF
Closed
Date
11B
1/2
1,320
$770,000
$583
3/29/2013
7E
1/3
1,910
$870,000
$455
3/29/2013
7O
2/3
1,540
$715,000
$464
3/29/2013
9N
2/3
1,630
$850,000
$521
3/15/2013
10B
1/2
1,320
$700,000
$530
3/6/2013
5N
1/2
1,590
$633,000
$398
3/5/2013
1,552
$756,333
$487
Averages:
CURRENTLY SELLING
Solair
Located in Koreatown, Solair is a 22-story glass-wrapped
tower featuring 186 residences with one-, two- and
three-bedroom floor plans. The residences range in size
from 1,339 to 1,960 square feet. On the ground level,
the development will include a 40,000-square foot retail
plaza consisting of restaurants, shops, integrated parking
structure and on-site subway portal.
Interior appointments will include Bontempi Casa
cabinetry, hardwood and tile flooring, CaesarStone
countertops with backsplashes and Bosch stainless steel
appliances. Community amenities will feature a 24-hour
concierge, sky deck, lobby, fitness center, spa, swimming
pool, business lounge and outdoor fire pits.
Address
3785 Wilshire Boulevard
Owner
ST Residential
Total Units
186
Average HOA Fees
~$852/month
Date on Market
March 2008
Average Absorption
3 units/month
Closings Commenced
June 2009
$545 (45 units)
150 closed
21 available
Unit
Type
SF
Closing
Price
$/SF
Closed
Date
1701
3/3
1,730
$818,000
$473
3/29/2013
1807
2/2
1,360
$724,000
$532
3/29/2013
2011
3/3
1,690
$1,040,000
$615
3/29/2013
2202
3/3
1,700
$935,000
$550
3/20/2013
1812
3/3
1,690
$979,000
$579
3/15/2013
2007
2/2
1,360
$749,000
$551
3/15/2013
2209
2/2
1,390
$664,000
$478
3/11/2013
1212
3/3
1,690
$915,000
$541
3/8/2013
1202
3/3
1,700
$822,000
$484
3/5/2013
1101
3/3
1,730
$769,000
$445
3/1/2013
1,604
$841,500
$525
Averages:
7 in contract
CURRENTLY SELLING
Beverly West
Beverly West is located next to the Los Angeles Country
Club and within a mile of Beverly Hills. The project’s 35
generously-sized homes average 4,100 square feet in
size. Most of the floors are shared by two residences and
there are six floors with only one home per floor. Kitchens
feature Neff cabinetry and commercial-grade appliances.
The project was originally developed by FiField
Companies and called 1200 Club View. It was purchased
by Emaar LA Properties in summer 2008 and put back
on the market in November 2008.
Available list prices as of June 2012:
Two Bedroom
Starting List Price: $4,956,900 - $5,509,350
Starting List Price/SF: $1,300 - $1,325
Three Bedroom
Starting List Price: $4,575,600
Average Size: 3,813 SF
Starting List Price/SF: $1,200
Four Bedroom
Starting List Price: $22,332,800
Average Size: 7,976 SF
Starting List Price/SF: $2,800
Address
1200 Club View Drive
Owner
Emaar LA Properties
Total Units
35
Average HOA Fees
$4,500 - $5,000/month
Date on Market
November 2008
Average Absorption
n/a
Closings Commenced
March 2012
n/a
A sales update is not available.
CURRENTLY SELLING
Montage Beverly Hills (All Units In Contract)
Montage Beverly Hills is a five-star hotel and residential
project located on a 2.5-acre site between North Beverly
Drive and North Canon Drive, placing it one block away
from the high-end retail shops of Rodeo Drive.
Reminiscent of many of the great estate homes built in
Beverly Hills during the 1920s and 1930s, the dominant
architectural style of the project is Spanish Revival.
Montage Beverly Hills offers 201 hotel rooms and 20
penthouse condominiums.
Amenities include a 5,000 square foot main ballroom,
3,000 square feet of event space, 4,500 square feet of
retail space, a three-meal restaurant, a signature five-star
restaurant and a 20,000-square foot spa, replete with a
2,500-square foot fitness center.
The development has over 30,000 square feet of public
garden space split into three distinct areas. The public
garden separates the hotel from the Garden Building, a
city-owned building that will house 3,000 square feet of
ground-floor retail space intended for high-end boutique
shops and 24,000 square feet of non-residential space
with use yet to be determined.
All units are in contract. The project will be removed from
the Currently Selling section once all units have closed
escrow or six months have passed without a closing
reported.
Address
225 N. Canon Drive
Developer
The Athens Group
Total Units
20
Average HOA Fees
$2,900 - $5,500/month
Date on Market
November 2008
Average Absorption
<1 unit/month
Closings Commenced
May 2009
n/a
18 closed
2 in contract
0 available
CURRENTLY SELLING
The Carlyle Residences is a 24-story high rise with 78
condominiums located along the “Golden Mile” of the
Wilshire Corridor. Amenities include a card room, Sports
Club/LA branded fitness center, library, wine cellar, 24hour valet parking and high-speed elevators opening
directly to private residence foyers.
Homes feature large floor plans with high ceilings, private
balconies, floor-to-ceiling windows, Miele appliances and
granite kitchen countertops. Home sizes range from
2,722 to 3,535 square feet, with penthouses on the top
floors averaging more than 5,500 square feet.
Two Bedroom
Starting List Price/SF: $860 - $1,005
Three Bedroom
Address
Developer
Elad Properties, LLC
Total Units
78
Average HOA Fees
~$3,300/month
Date on Market
December 2006
Average Absorption
<1 unit/month
Closings Commenced
August 2009
n/a
19 closed
CURRENTLY SELLING
The Century
The Century features 147 homes ranging in size from
2,400 square feet for a two-bedroom to 10,000 square
feet for a full floor penthouse. The 42-story tower is
nestled within a four-acre garden, insulating the building
from the bustling street scene. The Century was
designed by famed architect Robert A.M. Stern and
features an elliptical shaped design with fluted columns
and protruding eyebrow lintels.
Amenities include a fitness center with private treatment
rooms, screening room, children’s playroom, business
center, wine storage, private dining room and bar, an
onsite restaurant and a 75-foot outdoor lap pool and pool
deck with poolside cabanas. The developer is
offering a 2.5 percent broker cooperation rate.
Two Bedroom
Starting List Price/SF: $998 - $1,353
Three Bedroom
Average Size: 3,237 – 5,306 SF
Four Bedroom
Average Size: 4,497 – 4,642 SF
Address
W. Olympic Boulevard &
Century Park E.
Developer
The Related Companies
Total Units
147
Average HOA Fees
$3,500 - $8,900/month
Date on Market
January 2008
Average Absorption
<1 unit/month
Closings Commenced
May 2010
$948 (13 units)
64 closed*
* Two sales at The Century included two units. Number closed reflects
total number of units closed.
Resales
The following section contains closed resale information for sold out
projects in Downtown Los Angeles and along the Golden Mile.
Downtown Los Angeles
Savoy
Higgins Building
Grand Lofts
Luma
Elleven
Flower Street Lofts
Evo
The Promenade
Biscuit Company Lofts
Toy Factory ofts
The Bartlett
Toy Warehouse
Tokyo Villa
Douglas Building
Teramachi Building
Little Tokyo Lofts
Santee Village - The Cornell
Santee Village - The Eckhardt
Santee Village - The Santee
The Rowan
Molino Street Lofts
Barker Block
The Skyline
Mura Library Court
Market Lofts
Bunker Hill Lofts
Sky Lofts
Eastern Columbia Lofts
Promenade West
Concerto
Golden Mile
Blair House
La Tour
Mirabella
Regency Wilshire
The Californian on Wilshire
The Churchill
The Crown Towers
The Diplomat
The Dorchester
The Grand
The Remington
The Westford
The Wilshire
The Wilshire Marquis
The Wilshire Regent
Wilshire Holmby
Wilshire Manning
Wilshire Selby
Wilshire Terrace
The Longford
The Wilshire House
The Park Wilshire
Marie Antoinette
The Westholme
Chateau Colline
Wilshire Westwood Terrace
Beverly Wilshire
The Venezia
RESALES
Resale Summary - Downtown Los Angeles (October 2012 - March 2013)
# of Sales
Average Size
(SF)
Size Range (SF)
Average
Closing Price
Price Range
Average
$/SF
Studio / Jr. One Bedroom
29
1,044
481 - 2,250
$337,303
$160,000 - $603,884
$323
One Bedroom
68
1,024
481 - 2,310
$402,358
$140,000 - $985,000
$393
Two Bedroom
53
1,392
880 - 2,850
$528,689
$248,400 - $1,350,000
$380
3
1,441
1,213 - 1,710
$536,667
$440,000 - $650,000
$372
Unit Type
Other (Unknown)
All Types
0
n/a
n/a
n/a
n/a
n/a
153
1,164
481 - 2,850
$436,422
$140,000 - $1,350,000
$375
Closing Details - Downtown Los Angeles
Development
Unit
Type
Size (SF)
Closing Price
$/SF
Closing Date
Barker Block
137
2/2
1,847
$730,000
$395
3/29/2013
Barker Block
127
2/2
2,071
$715,000
$345
3/22/2013
Barker Block
421
1/1
950
$457,000
$481
3/22/2013
Barker Block
429
1/1
1,010
$455,000
$450
1/25/2013
Barker Block
125
2/2
2,850
$800,000
$281
1/24/2013
Barker Block
240
1/1
950
$445,000
$468
1/10/2013
Barker Block
324
1/1
1,100
$466,500
$424
12/7/2012
Barker Block
254
0/1
740
$375,000
$507
11/21/2012
Barker Block
246
1/1
980
$442,500
$452
11/21/2012
Barker Block
252
1/1
950
$425,000
$447
10/25/2012
Barker Block
310
1/1
1,070
$405,000
$379
10/17/2012
Barker Block
518
2/2
1,360
$550,000
$404
10/11/2012
Biscuit Company Lofts
211
1/2
1,663
$839,000
$505
3/28/2013
Bunker Hill Tower
2504
0/1
481
$250,000
$520
3/27/2013
Bunker Hill Tower
1409
1/1
481
$225,500
$469
3/13/2013
Bunker Hill Tower
602
1/1
762
$339,000
$445
3/1/2013
Bunker Hill Tower
503
2/2
1,234
$490,000
$397
1/31/2013
Bunker Hill Tower
1805
2/2
1,172
$399,000
$340
1/4/2013
Bunker Hill Tower
3005
1/1
849
$390,000
$459
12/28/2012
Douglas Building
2E
0/1
1,170
$300,000
$256
1/31/2013
Douglas Building
PHB
2/2.5
1,370
$592,000
$432
12/14/2012
Douglas Building
4H
1/1
580
$214,000
$369
11/7/2012
807
0/1
1,130
$426,500
$377
3/29/2013
506
0/1
1,120
$425,000
$379
3/14/2013
902
1/1
120
$572,500
$447
3/5/2013
605
0/1
890
$390,000
$438
2/21/2013
606
0/1
1,120
$380,000
$339
2/21/2013
1101
0/2
1,330
$385,000
$289
1/23/2013
712
0/2
1,770
$600,000
$339
12/17/2012
912
0/2
1,770
$603,884
$341
12/13/2012
207
0/1
1,130
$450,000
$281
10/31/2012
302
0/1
1,260
$288,400
$357
10/12/2012
1102
0/1
1,480
$376,100
$195
10/5/2012
RESALES
Closing Details - Downtown Los Angeles (continued)
Development
Unit
Type
Closing Price
$/SF
El Dorado Lofts
908
1/1
Elleven
610
1/1
730
$400,000
$548
3/8/2013
840
$480,000
$571
3/27/2013
Elleven
607
1/1
1,100
Elleven
901
2/3
2,110
$558,000
$507
3/25/2013
$1,098,000
$520
3/25/2013
Elleven
715
1/2
1,670
$585,000
$350
12/29/2012
Elleven
818
2/2
2,070
Elleven
1104
1/1
1,070
$984,000
$475
12/13/2012
$420,000
$393
12/12/2012
Elleven
416
1/1
Evo
1212
2/2
950
$347,000
$365
12/5/2012
1,160
$767,500
$662
2/19/2013
Evo
410
1/1
1,090
$530,000
$486
2/14/2013
Evo
421
1/1
1,120
Evo
507
1/1
960
$475,000
$424
12/18/2012
$1,350,000
$490
12/11/2012
Evo
1611
2/3
2,320
Evo
717
1/2
1,400
$689,000
$582
11/28/2012
$487,000
$492
11/14/2012
Evo
611
1/2
Evo
309
1/1
1,390
$650,000
$468
11/8/2012
1,070
$487,000
$455
11/3/2012
Evo
1510
2/2
1,170
$779,000
$666
10/10/2012
Evo
Flower Street Lofts
418
1/1
1,040
$477,000
$459
8/22/2012
112
1/2
1,427
$516,500
$362
3/29/2013
Flower Street Lofts
418
2/2
1,648
$619,000
$376
3/29/2013
Flower Street Lofts
127
2/2
1,673
$479,000
$286
1/13/2013
Flower Street Lofts
207
2/2
1,440
$420,000
$292
12/31/2012
Flower Street Lofts
Size (SF)
Closing Date
213
1/2
1,260
$400,000
$317
10/2/2012
A409
2/2
1,160
$475,000
$409
2/14/2013
Grand Lofts
A109
2/2
1,150
$442,000
$384
11/27/2012
Grand Lofts
A207
2/2
1,090
$384,900
$353
10/11/2012
Higgins Building
806
1/1
1200
$500,000
$417
3/29/2013
Higgins Building
504
0/1
790
$195,000
$247
2/13/2013
Higgins Building
408
1/1
910
$275,000
$302
12/28/2012
Higgins Building
1007
0/1
1,700
$475,500
$280
10/3/2012
Library Court
604
1/1
680
$315,000
$463
2/28/2013
Library Court
605
2/2
1,180
$420,500
$356
1/16/2013
Library Court
407
1/1
680
$285,000
$419
10/3/2012
Little Tokyo Lofts
402
0/1
730
$160,000
$219
3/15/2013
Little Tokyo Lofts
312
0/1
1,300
$218,500
$168
2/28/2013
Little Tokyo Lofts
532
0/1
710
$225,000
$317
2/8/2013
Little Tokyo Lofts
415
0/1
720
$170,000
$236
12/5/2012
Little Tokyo Lofts
103
1/1
2,030
$405,000
$200
10/1/2012
Luma
1210
1/1
1,030
$585,000
$568
2/28/2013
Luma
103
1/2
2,310
$985,000
$426
12/6/2012
Market Lofts
415
1/2
960
$452,000
$471
2/11/2013
Market Lofts
439
0/1
800
$323,000
$404
1/24/2013
Grand Lofts
RESALES
Development
Unit
Type
Size (SF)
Closing Price
$/SF
Closing Date
Market Lofts
305
Market Lofts
240
1/1
754
$286,527
$380
12/24/2012
2/2
1,190
$510,000
$429
12/14/2012
Market Lofts
514
Market Lofts
618
2/2
1,020
$475,000
$466
12/11/2012
0/2
1,030
$351,000
$341
12/6/2012
Market Lofts
632
1/1
780
$365,000
$468
11/28/2012
Market Lofts
705
0/1
660
$340,000
$340
11/15/2012
Molino Street Lofts
208
1/1
1,400
$560,000
$400
3/18/2013
Molino Street Lofts
107
2/1.5
2,580
$550,000
$213
1/22/2013
Molino Street Lofts
112
0/2
2,250
$590,000
$262
1/4/2013
Molino Street Lofts
204
1/1
1,380
$449,000
$325
11/5/2012
Molino Street Lofts
307
2/1
1,490
$405,000
$272
10/16/2012
Molino Street Lofts
202
1/1
1,635
$470,000
$287
10/3/2012
Mura
304
3/3
1,710
$520,000
$304
3/26/2013
Mura
224
2/2
1,240
$532,000
$429
2/28/2013
Mura
104
1/1
690
$280,000
$406
2/25/2013
Mura
504
1/1
1,050
$402,000
$383
2/20/2013
Mura
216
2/2
1,240
$525,000
$423
1/8/2013
Mura
237
2/2
1,210
$510,000
$421
1/4/2013
Mura
611
2/2
1,430
$470,000
$329
1/2/2013
Mura
431
1/1
980
$381,000
$389
12/6/2012
Mura
508
2/2
1,210
$534,500
$442
12/3/2012
Mura
448
2/2
1,240
$534,500
$431
12/3/2012
Mura
616
1/1
1,050
$300,000
$286
11/30/2012
Mura
410
2/2
1,290
$525,000
$407
11/28/2012
Mura
423
2/2
1,290
$523,000
$405
11/19/2012
Promenade West
522
2/2
1,323
$335,000
$253
2/11/2013
Promenade West
403
2/2
1,327
$390,000
$294
2/4/2013
Promenade West
416
2/2
1,327
$380,000
$286
11/7/2012
Promenade West
526
2/2
1,327
$290,000
$219
10/24/2012
Rowan Lofts
313
2/2
880
$450,000
$511
3/12/2013
Rowan Lofts
1105
2/2
1,260
$625,000
$496
2/15/2013
Rowan Lofts
511
1/1
820
$380,000
$463
12/20/2012
Santee Village - The Eckhardt
306
1/1
882
$280,000
$318
2/28/2013
410
1/1
750
$300,000
$400
11/16/2012
101
0/1
629
$220,000
$350
11/9/2012
Savoy
479
1/1
870
$368,000
$423
3/4/2013
Savoy
339
1/1
735
$322,500
$439
1/11/2013
Savoy
125
0/1
519
$235,000
$453
12/28/2012
Savoy
334
2/2
1,042
$295,000
$283
12/12/2012
Savoy
436
2/2
1,186
$248,400
$209
12/10/2012
Savoy
268
2/2
1,042
$350,000
$336
12/7/2012
Savoy
309
3/2
1,213
$440,000
$363
12/6/2012
Savoy
244
0/1
529
$185,000
$356
11/28/2012
Savoy
229
1/1
735
$295,000
$401
11/21/2012
Savoy
314
1/1
735
$215,000
$293
10/19/2012
RESALES
Development
Unit
Type
Size (SF)
Savoy
478
2/2
1,186
Savoy
432
2/2
996
SB Grand
1012
1/1
890
$205,000
$230
1/29/2013
SB Grand
412
1/1
890
$230,000
$258
12/26/2012
SB Grand
311
1/1
820
$142,500
$174
12/21/2012
SB Grand
823
1/1
980
$185,300
$189
11/14/2012
SB Grand
216
1/1
670
$140,000
$209
10/23/2012
Sky Lofts
1306
1/2
1,200
$445,000
$371
3/29/2013
Sky Lofts
1902
3/2
1,400
$650,000
$464
3/29/2013
Sky Lofts
1301
2/2
1,320
$630,000
$477
2/5/2013
Sky Lofts
2202
2/2
1,360
$695,000
$511
2/4/2013
Sky Lofts
1908
2/2
1,220
$450,000
$369
12/7/2012
Sky Lofts
1304
2/2
1844
$512,000
$278
11/20/2012
Sky Lofts
1712
2/2
1,220
$537,000
$440
10/1/2012
Termachi Homes
603
1/1
690
$318,000
$461
2/15/2013
Teramachi Homes
120
2/2
970
$350,000
$361
12/24/2012
Teramachi Homes
524
2/2
970
$349,000
$360
11/25/2012
Textile Building
805
1/1
670
$250,000
$373
3/29/2013
Textile Building
506
1/1
890
$260,000
$292
10/17/2012
Textile Building
1006
0/1
890
$232,500
$261
10/11/2012
The Bartlett
1112
1/1
700
$220,000
$314
1/2/2013
The Bartlett
304
1/1
760
$290,000
$382
12/5/2012
The Skyline
209
2/2
1,193
$439,000
$368
2/13/2013
The Skyline
211
2/2
1,193
$435,000
$365
12/24/2012
Toy Factory Lofts
702
1/1
782
$345000
$441
2/28/2013
Toy Factory Lofts
414
0/1
n/a
$331,500
n/a
12/21/2012
Toy Factory Lofts
416
2/1
1,475
$555,000
$376
12/17/2012
Toy Factory Lofts
705
2/1
1,598
$415,000
$260
11/27/2012
Toy Factory Lofts
621
1/1
911
$350,000
$384
11/16/2012
Toy Factory Lofts
518
1/1
1,464
$570,000
$389
10/18/2012
6
1/1
1,778
$490,000
$276
3/12/2013
Toy Warehouse
Closing Price
$/SF
Closing Date
$301,200
$254
10/10/2012
$400,000
$402
10/5/2012
RESALES
Resale Summary - Golden Mile (October 2012 - March 2013)
Unit Type
Studio / Jr. One Bedroom
# of Sales
Average Size
(SF)
Size Range (SF)
Average
Closing Price
Price Range
Average
$/SF
0
n/a
n/a
n/a
n/a
n/a
One Bedroom
11
1,052
600 - 2,141
$438,184
$321,026 - $700,000
$417
Two Bedroom
39
1,954
1,212 - 2,867
$955,513
$301,000 - $2,375,000
$489
10
2,768
1,459 - 5,290
$2,001,250
$350,000 - $6,550,000
$723
Other (Unknown)
0
n/a
n/a
n/a
n/a
n/a
All Types
60
1,924
600 - 5,290
$1,034,959
$301,000 - $6,550,000
$538
Closing Details - Golden Mile
Development
Unit
Type
Size (SF)
Closing Price
$/SF
Closing Date
10560 Wilshire
2106
2/3
2,810
$2,100,000
$747
3/14/2013
10560 Wilshire
1901
2/3
2,798
$1,740,000
$622
11/14/2012
10560 Wilshire
401
2/3
1,863
$645,000
$346
10/10/2012
Blair House
403
2/2.5
2,776
$1,249,999
$450
11/9/2012
La Tour
1501
3/3.5
3,143
$1,920,000
$611
10/5/2012
Marie Antoinette
402
3/3
1,459
$350,000
$240
2/28/2013
Marie Antoinette
701
2/3
1,459
$301,000
$206
12/28/2012
Marie Antoinette
1502
2/3
1,459
$419,026
$287
11/14/2012
Mirabella
1801
2/2.5
2,213
$1,000,000
$452
1/11/2013
The Californian
1901
2/3
2,640
$1,800,000
$682
12/13/2012
The Californian
301
2/2.5
2,850
$1,550,000
$544
12/5/2012
The Churchill
10H
2/2
1,319
$500,000
$379
3/21/2013
The Churchill
5H
2/2
1,435
$519,000
$362
3/21/2013
The Churchill
8E
2/3
1,882
$594,000
$316
3/12/2013
The Churchill
5H
2/2
1,435
$524,800
$366
2/1/2013
The Churchill
2C
1/1
1,080
$355,000
$329
12/10/2012
The Crown Towers
401
2/2
1,356
$505,000
$372
1/25/2013
The Crown Towers
2205
1/2
1,099
$440,000
$400
1/18/2013
The Crown Towers
1206
2/2
1,530
$745,000
$487
12/28/2012
The Crown Towers
605
1/2
1,099
$390,000
$363
12/20/2012
The Dorchester
702
3/3
1,805
$518,000
$287
3/6/2013
The Dorchester
604
2/2
1,403
$718,000
$512
12/13/2012
The Park Wilshire
1208
2/3
1,686
$770,000
$457
2/5/2013
The Park Wilshire
206
2/2.5
2,008
$780,000
$388
12/19/2012
The Park Wilshire
508
2/2.5
2,018
$765,088
$379
10/24/2012
The Remington
1501
2/3.5
2,403
$1,755,000
$730
2/27/2013
The Remington
604
2/4
2,635
$2,375,000
$901
11/14/2012
The Remington
794
2/3
2,635
$1,850,000
$702
11/9/2012
The Remington
PH4
3/4.5
5,290
$6,550,000
$1,238
10/11/2012
The Westford
1801
2/3
2,315
$1,400,000
$605
2/5/2013
The Westford
702
2/3
1,773
$655,000
$369
12/11/2012
The Westford
304
2/2
1,550
$574,400
$371
10/17/2012
RESALES
Closing Details - Golden Mile (continued)
Development
Unit
Type
Size (SF)
Closing Price
$/SF
Closing Date
The Westholme
304
2/2
1,312
$500,000
$381
1/28/2013
The Westholme
506
2/3
1,843
$483,000
$262
12/24/2012
The Westholme
1602
2/3
2,160
$822,700
$381
11/8/2012
The Westholme
1601
3/3
3,455
$955,000
$406
11/8/2012
The Westholme
301
2/2
1,321
$440,000
$333
10/28/2012
The Wilshire
9NE
2/2.5
2,767
$1,900,000
$687
12/7/2012
The Wilshire
16SW
3/2.5
3,111
$2,575,000
$828
11/9/2012
The Wilshire House
19B
3/3.5
2,928
$2,830,000
$967
2/14/2013
The Wilshire House
802
2/2.5
2,440
$1,550,000
$635
12/26/2012
The Wilshire House
1201
3/3
2,500
$2,735,000
$1,094
11/6/2012
The Wilshire Marquis
614
2/2
1,400
$530,000
$379
1/11/2013
The Wilshire Regent
1201
1/2.5
1,367
$680,000
$497
3/29/2013
The Wilshire Regent
912
1/1
600
$375,000
$625
3/29/2013
The Wilshire Regent
1204
1/2
888
$400,000
$450
1/31/2013
The Wilshire Regent
2109
1/2
883
$465,000
$527
12/27/2012
The Wilshire Regent
1901
2/2.5
1,212
$625,000
$516
11/1/2012
The Wilshire Regent
1008
1/1
684
$330,000
$482
10/9/2012
The Wilshire Thayer
501
2/2.5
1,759
$520,000
$296
2/22/2013
Wilshire Holmby
405
1/1
873
$321,026
$368
3/1/2013
Wilshire Holmby
701
2/2
1,322
$470,000
$356
12/5/2012
Wilshire Manning
601
3/4
2,608
$1,060,000
$406
3/25/2013
Wilshire Manning
107
2/3
1,430
$400,000
$280
2/22/2013
Wilshire Manning
1706
2/3
1,862
$850,000
$456
2/15/2013
Wilshire Selby
703
1/1.5
853
$355,000
$416
12/31/2012
Wilshire Terrace
12FSP
2/4
2,867
$1,385,000
$483
3/1/2013
Wilshire Terrace
4H
3/3.5
2,481
$519,500
$209
12/19/2012
Wilshire Terrace
9D
2/2.5
2,259
$955,000
$423
11/28/2012
Wilshire Terrace
11H
1/2
2,141
$700,000
$327
11/16/2012
Los Angeles Pipeline
Currently Selling
Under Construction
Future Approved
Under Review
LOS ANGELES PIPELINEe
Currently Selling Developments
Developer/Owner
Submarket
Date on
Market
Product
Type
Total
Market Rate
Available/
Total Market Rate
SECK Group, LLC
Downtown
July 2007
Lofts
4 / 80
Evo
The South Group
Downtown
July 2007
Lofts; Townhomes
7 not closed* / 311
AEG; Ritz Carlton
Downtown
May 2007
Condominiums
60 / 224
The Hollywood
PEI Asset Pool III
Hollywood
September 2011
Condominiums
24 / 40
HEI Hotels & Resorts
Hollywood
October 2007
Condominiums
62 / 143
Development
655 Hope
The W Hollywood
Solair
ST Residential
Koreatown/Wilshire Center
March 2008
Condominiums
21 / 186
Beverly West
Emaar LA Properties
West LA Luxury
November 2008
Condominiums
34 not closed* / 35
The Century
West LA Luxury
January 2007
Condominiums
84 not closed* / 147
Elad
West LA Luxury
December 2006
Condominiums
58 not closed* / 78
Total Market Rate Condominiums, Lofts & Townhomes:
354 / 1,244
* Exact number of units in contract and/or available is not available.
Currently Under Construction Developments
Development
Barker Block Phase II - 531 Molino Street
1111 Sunset Boulevard
Submarket
Marketing to
Commence
Product
Type
Total
Units
CItyView; The KOR Group
Downtown
Q4 2013
Condominiums
68
Linear City, LLC
Downtown
Q1 2014
Rental
92
Developer/Owner
Holland Partners
Downtown
Q1 2013
Rental
210
Avant, Building 1 & 2 - 1340 S. Figueroa & 1355 S.
Flower Streets
Cypress Equity Investments; FiField
Companies
Downtown
Q3 2014
Rental
247
Grand Avenue Project Phase I - Grand Avenue & 1st
Street
Downtown
Q4 2014
Rental
271
Jia (previously Chinatown Gateway) - 617 N. Broadway
Ava (previously Matsu) - 236 S. Los Angeles Street
8th & Hope (previously iHope) - 805 S. Hope Street
One Santa Fe
Onyx East & West - Pico & Flower
Equity Residential
Downtown
Q4 2014
Rental
280
AvalonBay Communities
Downtown
2014
Rental
280
Wood Partners
Downtown
Q3 2014
Rental
290
The McGregor Company
Downtown
Dec 2014
Rental
438
Jade Enterprises
Downtown
Q3 2014
Rental
419
G.H. Palmer Associates
Downtown
Q3 2014
Rental
526
Onni Group
Downtown
2013+
Rental
283
Olympic Palace - 3429 W. Olympic Boulevard (On Hold)
NBGI Homes
TBD
Condominiums
25
Ogden Palace - 739 S. Ogden Drive (On Hold)
NBGI Homes
TBD
Condominiums
33
Da Vinci - 909 West Temple
Onni Tower - 888 Olive Street
5200 Wilshire Boulevard (Wilshire & La Brea)
BRE Properties
2014
Rental
482
American Communities
Hollywood
2013
Rental
26
Monarch West Hollywood - Fountain & La Brea, Santa
Monica & La Brea (2 sites)
Monarch Investment Funds
West Hollywood/Hollywood
2013+
Rental
371
Blvd6200 - Phase I - Hollywood Boulevard, between
Argyle & Gower
Clarett Hollywood, LLC
Hollywood
2015+
Rental
535
Barrington & Wilshire - NEC of Barrington Avenue &
Wilshire Boulevard
California Landmark
West LA Luxury
2013+
Condominiums
78
1401 Kelton Avenue (On Hold)
Kelton Ventures, LLC
West LA Luxury
TBD
Condominiums
24
The Gordon Apartments
Total Condominium/Loft/Townhome Units Under Construction (including TBD):
Total Rental Units Under Construction:
Total Condominium/Loft/Townhome Units Under Construction (On Hold):
Grant Total Units Under Construction:
146
3,941
82
4,169
LOS ANGELES PIPELINE
Future Approved Developments
Development
BC Plaza Lofts - 711 N. Broadway
1133 S. Hope Street
AMP Lofts - 695 S. Santa Fe Avenue
LA Lofts - 1028 S. Hope Street (On Hold)
Zen - 250 S. Hill Street
Chinatown Lofts - 1101 N. Main Street
Park Fifth - S. Olive & W. 5th Street (On Hold)
Metropolis - 831-899 Francisco Street
Wilshire Grand Redevelopment - NWC of 7th & Figueroa
Avant, Building 3 - 1500 S. Figueroa
2nd & San Pedro Streets
Olympic & Hill
950 E. 3rd Street
Angelena at 8th & Grand - 718 S. Grand Avenue
Developer/Owner
Submarket
Marketing to
Commence
Product
Type
Total
Units
Bridge Realty Advisors, LLC
Downtown
2013+
Condominium
(Loft-style)
53
Amacon Group
Downtown
2013+
Condominiums
159
David Seewack; Scott Spiwack
Downtown
2013+
Condominiums
182
Venice Development Group
Downtown
TBD
Condominiums
250
Kawada Company
Downtown
2013+
Condominiums
302
T.A. Patty Development, Inc.
Downtown
2013+
Condominiums
318
Astani Enterprises
Downtown
TBD
Condominiums
732
LA Metropolis, LLC
Downtown
2014+
Condominiums
836
Korean Air; Thomas Properties Group
Downtown
2015+
Condominiums
100
Cypress Equity Investments
Downtown
2014+
Rental
194
Sares-Regis
Downtown
TBD
Rental
240
Hanover Company
Downtown
2015
Rental
281
Legendary Development
Downtown
2016
Rental
472
Carmel Partners
Downtown
2014+
Rental
700
WEHO Partners, LLC
Hollywood
2013+
Condominiums
42
2775 Cahuenga Boulevard
DS Ventures, LLC
Hollywood
2013+
Condominiums
75
Yucca Street Condos - 6230 Yucca Street
Sixty Two 30, LLC
Hollywood
2013+
Condominiums
95
Apollo Real Estate Advisors
Hollywood
2013+
Condominiums
190
iStar Financial
Hollywood
2013+
Condominiums
200
The Palms Mixed-Use Project - 9001 Santa Monica Boulevard
Sunset Millennium - Sunset & La Cienega Boulevard
Columbia Square - 6121 Sunset Boulevard
Sunset & Gordon - 5925 Sunset Boulevard
CIM Group
Hollywood
2013+
Condominiums
300
Hollywood Regency - 7926-7940 Hollywood Boulevard
GTO Development, LLC
Hollywood
2013+
Rental
63
La Brea Gateway - Willoughby & La Brea (KCOP Lot)
Symphony Development
Hollywood
2013+
Rental
170
Broadstone Hollywood - 7060 Hollywood Boulevard
Alliance Residential
Hollywood
2013+
Rental
204
Camden Development
Hollywood
2013+
Rental
306
UDR; MetLife
Hollywood
2013+
Rental
176
Clarett Hollywood, LLC
Hollywood
2015+
Rental
507
378
1540 Vine Street
Hollywood Gower - SWC corner of Hollywood & Gower
Blvd6200 - Phase II - Hollywood Boulevard bet. Argyle &
Gower
Don Hankey
2016+
Condominiums
Associated Estates Realty Corporation
2012+
Rental
175
The Vermont - 3150 Wilshire Boulevard
J.H. Snyder Companies
2013+
Rental
464
Four Seasons Residences - Wetherly Drive near Burton
55
Desmond’s Tower - 5500 Wilshire Boulevard
Genton Property Group
West LA Luxury
2015+
Condominiums
TBD - Site for sale
West LA Luxury
2013+
Condominiums
64
10000 Santa Monica Boulevard
Crescent Heights
West LA Luxury
2014+
Condominiums
177
New Pacific Realty Corporation
West LA Luxury
2013+
Condominiums
54
Westfield Corporation
West LA Luxury
2014+
Condominiums
262
Next Century Associates
West LA Luxury
2015+
Condominiums
353
West LA Luxury
TBD
Condominiums
Westfield New Century Plan - 10250 Santa Monica Boulevard
Century Plaza Hotel Redevelopment - 10250 Santa Monica
Boulevard
9900 Wilshire Boulevard (On Hold)
Joint Treasure International Ltd.
252
Total Condominium/Loft/Townhome Units Approved (including TBD):
4,195
Total Rental Units Approved:
3,952
Total Condominium/Loft/Townhome Units Approved (including TBD) On Hold:
1,234
Grand Total Units Approved:
9,381
Under Review Developments
Development
Megatoys Residences - 905-919 E. 2nd Street
751 S. Spring Street
Olympic & Grand
Washington Mutual Building - 315 W. 9th Street
Developer/Owner
Submarket
Product
Type
Total Units
Proposed
Charlie Woo
Downtown
Condominiums
320
Spring Street Plaza
Downtown
Condominiums
257
TBD
Downtown
Condominiums
150
Kim Benjamin
Downtown
Live/Work Lofts
98
611 Place - 611 W. 6th Street
611 W. Sixth Residential, LLC
Downtown
Condominiums
402
Vibiana - 234-300 S. Main Street; 119-135 E. 4th Street
R and R Real Properties, Inc.
Downtown
Condominiums
300
Larry & Ralph Cimmarusti
Downtown
Condominiums
200
CIM Group
Downtown
Condominiums
105
Hearst Corporation
Downtown
Condominiums
587
Barry Shy
Downtown
Condominiums
700
Ullman Tower I - 915 S. Hill Street
Meruelo Maddux Properties
Downtown
Condominiums
320
Ullman Tower II - 817 S. Hill Street
Meruelo Maddux Properties
Downtown
Condominiums
195
Moinian Group
Downtown
Condominiums
TBD
TBD
Downtown
Condominiums
59
Lucia Tower - N. Grand Avenue & Olympic Boulevard
Olive Street Lofts - 1101 S. Olive Street
Herald Examiner - 1108 S. Hill Street, 1201 S. Main Street, 1111 S.
Broadway
Barry Shy Tower II - 602-625 S. Main Street (On Hold)
LA Central - Figeuroa, Flower, 11th & 12th
Former Beacon Storage - 350 S. Alameda Street
South Village, Park Tower - 826-850 S. Hope Street
The Yards - Santa Fe Avenue (bet. 3rd & 4th)
Pacific Exchange Building - 233 S. Beaudry Avenue
Blossom Plaza - 900 N. Broadway (On Hold)
808 S. Olive Street
Capitol Milling Building - 1231 N. Spring Street
Fig & Flower Apartments (previously Libeskind Tower Site)
The Medallion - 4th & Main (Expansion)
1150 Grand Avenue
Nikkei Center - Mangrove Site, 1st & Alameda
Bixel & 5th
CIM Group
Downtown
Condominiums
300
Merco Group, LLC
Downtown
Condominiums
400
Golden Hills Properties, LLC
Downtown
Condo/Rental
850
Bond Chinatown Ventures, LLC
Downtown
Condominiums
208
Moinian Group
Downtown
Condominiums
TBD
Mission RFT SR, LLC
Downtown
TBD
40
Cypress Equity Investments; FiField
Companies
Downtown
Rental
251
Saeed Farkhondehpour
Downtown
Rental
300
Meruelo Maddux
Downtown
Rental
374
Nikkei Center Partnrs, LLC
Downtown
Rental
280
Holland Partners
Downtown
Rental
606
Central City Development Group; Amidi Real
Estate Group
Downtown
Rental
356
Next to Capitol Records Building
Argent Ventures; Millennium Partners
Hollywood
TBD
492
Movietown Plaza Redevelopment
Casden Properties
West Hollywood
Condominiums
294
3406-6420 Franklin
Capital Foresight
Hollywood
Rental
126
Champion Real Estate - Cherokee - Parking lot between Musso & Frank
Champion Real Estate
Hollywood
Rental
202
Champion Real Estate - Selma - NEC of Highland & Selma
Champion Real Estate
Hollywood
Rental
248
Abode Communities
Hollywood
Rental
66
Wilshire & Hobart
Hankey Investment Company, LP
Rental
240
1133 Ocean, 101 Wilshire Boulevard
Ocean Avenue, LLC, MDS Capital
West LA Luxury
Condominiums
120
Maxxam Enterprises
West LA Luxury
Condominiums
30
Pacifica Equities
West LA Luxury
Condominiums
66
Maxser & Company, Ltd
West LA Luxury
Condominiums
24
Shahab Ghods
West LA Luxury
Condominiums
32
1650 Lincoln MLS, LLC
West LA Luxury
Condominiums
34
TBD
West LA Luxury
Condominiums
56
Selma Community Housing - 1603 Cherokee
2300-2320 Wilshire Boulevard
1639 11th Street (On Hold)
710-718 Wilshire Boulevard, 1213-1233 7th Street
1802 Santa Monica Boulevard
1650 Lincoln Boulevard
1318-1324 2nd Street
Under Review Developments - continued
Development
2930 Colorado Avenue (Village Trailer Park)
1681 26th Street (Papermate Site)
Developer/Owner
Submarket
Product
Type
Total Units
Proposed
Village Trailer Park, LLC
West LA Luxury
Condominiums
240
Hines 26th Street
West LA Luxury
Condominiums
5,931
Total Rental Units Under Review:
3,089
Total Condominium/Loft/Townhome Units Under Review (On Hold):
Grand Total Units Under Review:
TBD
Total Condominium/Loft/Townhome Units Under Review (including TBD):
908
9,928
The Mark Company (TMC)
Disclaimer
1. Professional Opinion. With regard to the consulting services, reports, projections, and
recommendations to be provided by TMC under the Agreement, whether delivered orally or in
writing, the parties acknowledge that the matters on which TMC is consulted [e.g., assessing
potential competition, market trends, demographic trends, financing availability, and the like] are
not the subject of a predictive science, and are instead subject to unforeseen market variables and
conditions. Client therefore understands and acknowledges that TMC’s projections and
recommendations as contemplated by the agreement are solely the result of TMC’s considered
opinion based on TMC’s assumptions and judgments predicated on past experience in light of the
relevant data studied with respect to the market conditions and the proposed project.
Consequently, Client specifically agrees (a) that TMC’s projections and recommendations constitute
opinions only and do not constitute any representation or assurance of any future market
conditions; (b) that any action taken by Client based on any such TMC projections or
recommendations is made without any reliance thereon as a representation or assurance as to
any future market conditions; and (c) that Client will not hold TMC liable or otherwise responsible
for any losses occurring in the event that future market conditions deviate from TMC’s projections
and/or recommendations.
2. Use of Product. All information, data, projections, and recommendations received by Client from
TMC in connection with the Agreement, whether presented orally or in writing, shall be solely for
use by Client, and is/are not to be used or relied upon by any third party[ies] without the prior
written approval of TMC having been first had and obtained. TMC specifically disclaims any and
all liability to any third party[ies] deriving from the use of, or reliance upon, any such material, and
Client agrees to hold harmless, indemnify and defend TMC from any claims arising from any such
use or reliance.

The Mark Company Standard Monthly Reports Los Angeles

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