EAH Housing and the City of Santa Monica expect the 58-unit community to be completed in late 2023.
The company has purchased a portion of Westminster Mall for $46.3 million.
NMHC survey shows that permitting, start delays, access to financing, and rising materials and labor costs key factors.
Sponsored by essensys
The commercial real estate industry is navigating changing dynamics with the rise of hybrid working environments and greater demand for digitally-enabled buildings and spaces. But delivering on this demand brings increasing amounts of complexity. Download this eBook for key considerations when evaluating a digital infrastructure.
Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!
- Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
- Exclusive discounts on ALM and GlobeSt events.
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.
Copyright © 2022 ALM Global, LLC. All Rights Reserved.