CLD News

	California Landmark

Inspired by hillside homes found in Italy, the Palisades Landmark project will include 82 residences off Tramonto Drive overlooking Santa Monica Bay. This is a rendering of the project as seen from Gladstone's parking lot. Photo Enhancement: JBZ Architecture + Planning.

NEWS@CLD

Apartments under construction at Wilshire and Barrington

November 20, 2011

Construction of a 78 unit, six-story apartment building is underway at Wilshire Boulevard and Barrington Avenue in West Los Angeles, one of the area's major intersections.

California Landmark acquires 64-unit Villa Pacific apartment community in Oceanside, CA

September 26, 2011

LOS ANGELES, Calif. (September 26, 2011)—Southern California-based California Landmark Group (CLG) has added to its growing portfolio of urban-infill residential properties with the recent purchase of Villa Pacific, a 64-unit apartment community in Oceanside, CA.

California Landmark begins construction of 25-unit condominium in West LA

May 16, 2011

LOS ANGELES (May 16, 2011)—Los Angeles based developer California Landmark has broken ground on one of the first for-sale, multifamily projects to get underway in West Los Angeles this year.
The 25-unit property, located at the southwest corner of Wellesley and Texas (two blocks west of Bundy just south of Wilshire Boulevard) is expected to be completed by the summer of 2012.

California Landmark purchases Serenata townhome community in San Diego

Fri, 17 Sep 2010

California Landmark Group (CLG) has purchased Serenata, a new, 45–unit townhome community in San Diego, for $10.15 mil ($225.5k/unit). Located at 6410 College Grove Dr, north of the 94 Fwy by Chollas Lake Park, the complex was built in 2009 and consists of all three–bedroom/two–bath units.
CLG, based out of Westwood, obtained a 10–year loan from Freddie Mac at a fixed rate of 4.46 percent. The entire transaction – from purchase contract to close of escrow – lasted less than five weeks.
Situated at in the heart of the College Grove neighborhood less than four miles from San Diego State University, the Serenata Townhomes were originally developed as condominiums, but later converted to apartments as a result of the housing crisis.

Work begins on Westside condominium building

Thu, 17 June 2010

Westside Condominium building Even though the region is cluttered with hundreds of unsold new condominiums, Los Angeles developer California Landmark broke ground this week on a $10 million condo development near Westwood. Virtually all construction of multifamily projects halted in 2007 as credit dried up and the global financial crisis took hold. This may be the first ground-up multiunit residential development family project in Los Angeles since the crisis began that doesn't involve a bank-facilitated or restructured land loan, Landmark said.