{"id":475448,"date":"2025-12-27T18:21:24","date_gmt":"2025-12-27T18:21:24","guid":{"rendered":"https:\/\/www.europesays.com\/us\/475448\/"},"modified":"2025-12-27T18:21:24","modified_gmt":"2025-12-27T18:21:24","slug":"west-l-a-va-campus-housing-owners-default-on-santa-monica-apartment-complex-and-more","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/475448\/","title":{"rendered":"West L.A. VA campus housing, Owners default on Santa Monica apartment complex, and more"},"content":{"rendered":"<p>Ashkenazy Acquisition Corp., a firm owned by investor Ben Ashkenazy,\u00a0has acquired the\u00a0two-city\u00a0block\u00a0Neiman Marcus site\u00a0on Wilshire Boulevard in Beverly Hills.\u00a0<\/p>\n<p>Ashkenazy now bills itself as the largest owner of premier retail space in Beverly Hills, with 350,000 square feet of retail that also include the former Barneys Building.\u00a0<\/p>\n<p><strong>Here&#8217;s what we&#8217;re reading this week:<\/strong><\/p>\n<p><a href=\"https:\/\/www.latimes.com\/california\/story\/2025-12-23\/appeals-court-affirms-federal-judges-order-to-build-housing-on-vas-west-los-angeles-campus\" target=\"_blank\" rel=\"noopener\">Appeals court affirms federal judge\u2019s order to build housing on the VA\u2019s West Los Angeles campus<\/a> &#8220;The ruling invalidates commercial leases, including the Brentwood School\u2019s sports complex, but overruled the lower court\u2019s invalidation of UCLA\u2019s lease for its baseball stadium.&#8221; (LA Times)<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-19\/pimco-witkoff-firm-default-on-400-million-la-apartment-complex?fbclid=IwY2xjawO5AZZleHRuA2FlbQIxMQBzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEexddUWzpKjiA8zwT6ebAj4t_tkFEKLAGgK5S-iljcnGYvsln6N-Vb9cjm9vs_aem_wJtD6Nd4nQi-naZBmAM6tw\" target=\"_blank\" rel=\"noopener\">Pimco, Witkoff Firm Default on $400 Million LA Apartment Complex<\/a> &#8220;The loan is linked to The Park Santa Monica, a 249-unit development at 500 Broadway in the heart of the beach city\u2019s downtown, according to a website for the property.&#8221; (Bloomberg)<\/p>\n<p class=\"image-and-caption\">\n<a class=\"fancybox\" href=\"https:\/\/la.urbanize.city\/sites\/default\/files\/styles\/1140w\/public\/2022-04\/The%20Grand%20April%202022%20by%20Hunter%20Kerhart%2003_0.jpg?itok=ItoFtSIs\" rel=\"article-image-set noopener\" title=\"Hunter Kerhart Architectural Photography\" target=\"_blank\"><img decoding=\"async\" alt=\"\" class=\"image-950w article-inline-image\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/12\/The Grand April 2022 by Hunter Kerhart 03_0.jpg\" width=\"950\"\/><\/a><br \/>\nView of The Grand looking north from Grand AvenueHunter Kerhart Architectural Photography<\/p>\n<p><a href=\"https:\/\/www.latimes.com\/business\/story\/2025-12-24\/bill-witte-is-retiring-after-running-related-california-large-scale-developer-of-both-luxury-low-income-apartments-for-more-than-three-decades\" target=\"_blank\" rel=\"noopener\">Downtown L.A.\u2019s struggle is overstated and fixable, says the mogul who built the Grand<\/a> &#8220;Real estate mogul Bill Witte retires after 30 years leading Related California, a major West Coast developer that built over 21,000 residential units.&#8221; (LA Times)<\/p>\n<p><a href=\"https:\/\/therealdeal.com\/la\/2025\/12\/24\/trader-joes-buys-former-rite-aid-in-santa-monica-for-22m\/\" target=\"_blank\" rel=\"noopener\">Trader Joe\u2019s grabs Santa Monica Rite Aid for $22M <\/a>&#8220;Trader Joe\u2019s just made a pricey Santa Monica land play, snapping up a former Rite Aid along Wilshire Boulevard as it continues to expand in Southern California and scoop up drugstore boxes left behind by bankrupt chains.&#8221; (TRD)<\/p>\n<p><a href=\"https:\/\/laist.com\/news\/housing-homelessness\/los-angeles-california-new-housing-laws-2026-refrigerator-smoke-sb-79-ceqa-rent-control?fbclid=IwY2xjawO5AUFleHRuA2FlbQIxMQBzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEe_mAXZFPN2LP-aXGm6SmLo3_sSrC3ukPYMj6bdNRDA-7y2sssx9Og9PaLsVY_aem_1Xr1cZ41ixKaewLNjjqoRw\" target=\"_blank\" rel=\"noopener\">The new 2026 housing laws that LA renters and landlords need to know<\/a> Refrigerators, fire damage, streamlining, and rent control (LAist)<\/p>\n<p><strong>Follow us on social media:<\/strong>\u00a0<\/p>\n<p><a href=\"https:\/\/twitter.com\/UrbanizeLA\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>\u00a0\/\u00a0<a href=\"https:\/\/www.facebook.com\/urbanizela\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> \/ <a href=\"https:\/\/www.linkedin.com\/showcase\/urbanize-la\" target=\"_blank\" rel=\"noopener\">LinkedIn<\/a> \/ <a href=\"https:\/\/www.threads.net\/@urbanizela\" target=\"_blank\" rel=\"noopener\">Threads<\/a> \/<a href=\"https:\/\/www.instagram.com\/urbanizela\/\" target=\"_blank\" rel=\"noopener\"> Instagram<\/a> \/ <a href=\"https:\/\/bsky.app\/profile\/urbanizela.bsky.social\" target=\"_blank\" rel=\"noopener\">Bluesky<\/a><\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"Ashkenazy Acquisition Corp., a firm owned by investor Ben Ashkenazy,\u00a0has acquired the\u00a0two-city\u00a0block\u00a0Neiman Marcus site\u00a0on Wilshire Boulevard in Beverly&hellip;\n","protected":false},"author":3,"featured_media":475449,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5123],"tags":[1582,276,2961,224,5337],"class_list":{"0":"post-475448","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-los-angeles","8":"tag-ca","9":"tag-california","10":"tag-la","11":"tag-los-angeles","12":"tag-losangeles"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115792923406369630","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/475448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=475448"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/475448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/475449"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=475448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=475448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=475448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}