More apartments and condos coming to the Del Rey Loft District

January 19, 2016

More apartments and condos are headed to the Del Rey Loft District Gateway Apartments (13368 Beach Ave), a $10.7M, 21-unit development, a JV between Venice Community Housing and the Hollywood Community Housing Corp, is among them.

Why Ken Kahan is glad to develop in LA

November 19, 2015

LA-based California Landmark Group (CLG) has broken ground on 3838, a seven-story, 86-unit apartment project just steps from downtown Culver City. We caught up with founder Ken Kahan earlier this week to get more details on this project.Ken tells us the project is technically in LA-about 100 yards outside the Culver City limits, which he considers a good thing. "It's much easier to get residential projects done in LA than in Culver City," Ken says, noting most new residential projects built in Culver City-primarily townhouses-have less than 10 units.

Fin City

November 9, 2015

West L.A. developer California Landmark Group will break ground this week on an architecturally unique 86-unit multifamily building in Culver City.

The $25 million midcentury modern development, which will have colorful horizontal and vertical fins, will replace a roughly half-acre parking lot at 3838 Dunn Drive. Construction on the project, named 3838, is expected to take 18 months.

L.A.'s 'Red-Hot' West Side Story

July 21, 2015

Record Brentwood apartment complex sale raises bar for rents.

Even though apartment rents in Los Angeles have risen 20% over the past five years, some real-estate investors are betting that rents still have more room to grow.

That partly explains why earlier this month, investor and developer Darius Joe Meraj paid $20.1 million for Villa Montana, a 20-unit apartment complex in the affluent Los Angeles neighborhood of Brentwood. The price works out to more than $1 million per unit, the highest price ever paid in the city for apartments not directly adjacent to the beach. Moreover, the price is four times the $223,122-per-unit average…

Westside Family YMCA To Be Torn Down to Build 73 Residential Units

May 17, 2015

The following article was co-authored by Steven Sharp, editor of the Urbanize LA blog. For more information on the latest Los Angeles urban development projects, visit Urbanize.LA and follow Urbanize LA on twitter @ubranizela.

CA Landmark Group (CLG), a Los Angeles-based real estate developer, has purchased the Westside Family YMCA at 1947 Sawtelle Boulevard with the intention of building a residential-retail complex on the site. Plans filed with Department of City Planning call for a five-story structure…

Mesa West Capital Provides $51.4 Million in Financing for Two Bay Area Multifamily Acquisitions

August 11, 2014

LOS ANGELES, CA (August 11, 2014) - In separate financings, Mesa West Capital has funded two loans totaling $51.4 million for the acquisition and renovation of multifamily properties in the San Francisco Bay area cities of Larkspur and Palo Alto.

"The San Francisco Bay Area continues to be a desirable and liquid multifamily market with tight vacancy rates and strong fundamentals," said Mesa West Principal Ronnie Gul…

CLG Acquires The Y on Sawtelle

February 5, 2015

California Landmark Group purchased the Westside Family YMCA property on Sawtelle Boulevard in West LA with plans for a mixed-use project.

CLG president Ken Kahan tells Bisnow the project will consist of 73 apartments, including some affordable units, above a collection of restaurants that will face Sawtelle. He says the project will further enhance the walkability of the Sawtelle corridor, which already boasts a large population and tremendous density…

California Landmark Group to redevelop Westside Family YMCA site

February 5, 2015

California Landmark Group has purchased the Westside Family YMCA property on Sawtelle Blvd. and plan to redevelop it into a retail and residential complex.

California Landmark didn't disclose how much it paid for the property but said it plans to create a modern, mixed-use project featuring 73 residential units and 7,700 square feet of ground floor commercial space.

The YMCA will continue to operate at the location until its new 60,000 square foot facility is completed on the campus of nearby University High School.

Renters Can Work Downstairs at Future Marina Mixed-User

September 2, 2014

The Marina Arts District continues to be a thing, with a groundbreaking on its latest addition, a $30-million mixed-user. Developer California Landmark (the hw, the bw) is building R3 Lofts, a 67-unit, five-story rental building, with more than 7,500 square feet of creative office space on the lower floors, which are intended to be used by tenants. Agoura Hills's PK Architecture designed the development to complement the area's light industrial buildings (though the glass curtain deviates from that look). Rios Clementi Hale designed the landscaping. The one- and two-bedroom units start at $2,300 a month and top out at $3,900…

CLG Acquires 80-unit apartment complex in Marin County in off market purchase

June 11, 2014

California Landmark Group (CLG), via its affiliate CLG Larkspur LLC, has acquired the Woodlark Apartments in Marin County in an off market purchase that closed on Wednesday, June 4th. Located at 965 Magnolia Ave in Larkspur, California, the 80-unit multifamily complex is CLG's first Northern California acquisition. The property was purchased for $24,000,000, or $300,000/unit and approximately $300 per square foot. The property was 100% occupied at the time of closing and represented a 4.00% going in cap rate with roughly 50% upside in the rents…

Hollywood MF Complex 50% Leased at Opening

March 19, 2014

LOS ANGELES - California Landmark Group has opened the doors of the hw apartment complex in Hollywood and is welcoming its first residents. The 79-unit property, which opened officially last month, is currently 50% leased.

Located at 7928 Hollywood Blvd, the complex features classic-California, Spanish-style architecture, designed by PK Architecture and Rios Clementi Hale. “Classic or Spanish revival buildings are extraordinarily popular with renters, so it's no surprise that we've already seen a tremendous response since opening our doors just a few weeks ago,” says Ken Kahn, president of California …

California Landmark Group Purchases Pomona Low-Income Housing Tax Credit Property

February 13, 2014

sCalifornia Landmark Group (CLG) has acquired the Park Grand Apartments, a 62-unit low-income housing tax credit (LIHTC) multifamily complex in Pomona, for $4.85 mil ($78k/unit). The asset, located at 850 Grand Ave, between the 57 Fwy and Diamond Bar Blvd, was fully occupied at the time of closing.

CLG acquired the property via its affiliate Park Grand Landmark LP. The purchase represents CLG's second San Gabriel Valley-area affordable housing transaction in the last 12 months.

Park Grand Apartments was constructed in 1999 and is situated on over three acres of land. It is adjacent to Pomona's vibrant town center…

Ken Kahan strives to build 'something you would be proud of'

June 14, 2013

The gig: Ken Kahan, 54, is founder and president of California Landmark, a real estate development company that has made its mark throughout the Los Angeles area by acquiring, rehabilitating and building new projects in both commercial and residential real estate. He is responsible for overseeing the day-to-day operations of the organization, which is based in West Los Angeles.

Kahan frequently finds himself on job sites, getting his hands dirty.

"We don't call ourselves developers," Kahan said. "We call ourselves builders. We really care about what we do and how long our work will last. That's why we're called...

Custom Single Family Homes in Century City

April 22, 2013

A vacant lot in Century City, one of the most densely developed neighborhoods in Los Angeles, will be filled with single–family homes by its new owner.

The 1.75–acre parcel at the corner of Century Park West and Solar Way was purchased for about $13 million by an affiliate of Los Angeles developer California Landmark Group, real estate brokerage HFF said.

Century City has nearly 10 million square feet of offices, two major hotels and a regional mall. In its compact 0.3 square mile west of Beverly Hills it also has about 2,000 residences, most of them….

Dense Century City to get rare new single-family homes

April 22, 2013

An affiliate of Los Angeles-based California Landmark Group (CLG) has acquired an undeveloped 70,000-square-foot lot at the corner of Century Park West and Solar Way, and is constructing ten 5,000 square-foot homes, to be known as The Enclave at Century Woods.

CLG purchased the property from a neighboring homeowner association, while concurrently purchasing JMB Realty Corporation's option to build homes on the site. The total cost of the acquisition was approximately $13,000,000. HFF senior managing director Michael Ross, director Andrew Harper and senior managing director Richard Plummer represented both buyer and seller in this transaction.

CLG acquires affordable housing in Azusa

January 31, 2013

Beech Street Capital LLC arranged a $6.7 mil Fannie Mae MAH loan for the acquisition of Alosta Gardens, a 61–unit affordable multifamily property in Azusa. The property was purchased by California Landmark Group, a development and investment company formed in 1988 to acquire, rehabilitate and develop real estate primarily in Southern California.

Alosta Gardens was constructed in 1979. The property consists of eight, well–maintained buildings with two– and three–bedroom units. Amenities at the complex include two playgrounds and onsite laundry facilities. It is conveniently located near shopping and has good access to transportation.

The LC – $40m mixed use project at Larchmont and Melrose

October 21, 2012

An 85–unit apartment complex atop shops and restaurants will be built near the main entrance to Paramount Studios by California Landmark Group.

The project called the LC will be on Melrose Avenue across from the north end of Larchmont Boulevard. California Landmark expects to start work as soon as March and complete the $40–million project by January 2015.

Firm Allocates $75M for SoCal Investment

June 25, 2012

LOS ANGELES–Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement a few days ago, but GlobeSt.com has learned that

Westwood, CA–based California Landmark Group plans to invest more than $75 million in the next 12 months in urban infill, multifamily development properties throughout Southern California.

$35M Multifamily Project Breaks Ground

March 30, 2012

LOS ANGELES-CLG Hollywood, an affiliate of California Landmark Group, has begun construction of a 79-unit, $35-million apartment community located at 7928 Hollywood Blvd., just west of Fairfax Ave. and two blocks north of the City of West Hollywood. The project, slated for completion in Fall 2013, will be built by CLG Construction and managed by CLG Management, a spokesperson for CLG tells GlobeSt.com.

Designed by PK Architecture, the project's classic old-Hollywood residential design will retain the character of the neighborhood's existing single–family and multi–family properties. Its architecture style will be “California courtyard,” which was pervasive during the 1920s and 1930s.

Westwood–based firm Landmark plans $1M in renovations for three apartment buildings in Encino/Tarzana area

March 30, 2012

A Westwood firm is making a $16 million bet on the San Fernando Valley's apartment market.

California Landmark Group recently paid $15 million for a portfolio of three apartment buildings near Ventura Boulevard in the Encino/Tarzana area and is planning about $1 million in renovations over the next two years, the company said Wednesday.

Time May Be Up on Staggered Permit Deadlines

March 26, 2012

Developers in Los Angeles could get a break from a proposed city ordinance that would extend and streamline entitlement and permit approvals.

The ordinance, set to go before the Los Angeles City Council next month, is part of a broader effort to make the city more friendly to developers.

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

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.