Los Angeles’ 3% Rent Cap: What It Means the City’s Housing Future
Los Angeles is once again at a crossroads — this time, over how much rent can rise in its rent-stabilized apartments. The City Council is weighing a proposal to cap annual rent increases at just 3%, a major shift that’s already sparking tension between landlords, tenants, and developers. To some, it’s a long-overdue protection for […]
What the Proposed 49-Story Tower at L.A. Live Means for Developers and Consultants
Imagine a 631-foot tower rising where a parking lot now stands. That’s what AEG Worldwide has proposed for 917 W. Olympic Blvd., adjacent to L.A. Live. The project includes: 334 hotel rooms 364 residential units Restaurants, bars, and entertainment spaces Amenity decks with pool, spa, fitness center, and club rooms 666 parking spaces The company […]
