Bolour eyes conversion of Hollywood landmark

Bolour Associates wants to turn the top floor of a century-old commercial landmark in Hollywood into live-work flats. The Beverly Hills-based developer has filed plans to convert the second floor of the two-story building at 6464 West Santa Monica Boulevard into eight live/work apartments, Urbanize Los Angeles reported. The adaptive-reuse proposal calls for eight one-bedroom […]

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Sonder taps adaptive reuse to set up two hotels in Downtown LA

Sonder Holdings will run two short-term rental hotels from a pair of century-old buildings in Downtown Los Angeles  The San Francisco-based short-term rental startup has opened The Winfield in a former clothing store at 701 South Hill Street, and will soon open The Craftsman in a former mortgage office building at 206-208 West 8th Street, […]

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TimeSpace Group wants to convert historic SF movie theater into homes

TimeSpace Group wants to convert a 100-year-old movie theater in San Francisco’s Richmond District into housing. The Saratoga-based developer now seeks an agreement with the city to redevelop the historic Alexandria Theatre at 5418 Geary Boulevard, the San Francisco Chronicle reported. The Egyptian-style theater, built in 1923, has sat empty for nearly two decades. This […]

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This 3,500-acre former cement plant site could become housing, open space

The former cement processing plant site in the Santa Cruz Mountains near Cupertino could become a combination of housing and expansive open spaces.  The site’s cement-making operations, once owned by Lehigh Southwest Cement Co., were halted over three years ago, and the Santa Clara County Board of Supervisors recently solidified the plant’s permanent closure through […]

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LA could expand office-to-home conversions across city

The City of Los Angeles may expand a policy that helped create 12,000 homes out of old office buildings in Downtown. The city aims to expand a 1999 adaptive reuse ordinance credited with an explosive growth of homes Downtown by allowing the conversion of vacant office buildings into housing everywhere, Urbanize Los Angeles reported. As […]

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MCZ Development gets $54M from architect FitzGerald for North Side apartments

Chicago’s MCZ Development turned a former Andersonville hospital into a $53.5 million luxury apartment sale. The firm sold the 155-unit Anderson Point at 5700 North Ashland Avenue in the North Side neighborhood to Chicago-based Lake Street Lofts LLC, which is managed by area architect Patrick FitzGerald, according to Illinois business records. Kiser Group’s Lee Kiser, […]

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No lots? No problem: Developers turn retail into rentals

Experts agree: the multifamily market is on fire. Rents have exploded nationally as demand for apartment-living soars. And no region has seen greater growth than the Sun Belt, where rents have jumped 22 percent in a year, versus 17 percent nationwide, according to Realtor.com. But developers looking to cash in on that demand face a scarcity of buildable land. Not to be deterred, crafty firms are turning real estate’s lemons — retail stores and movie

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