Latest / Real Estate News Today | 2 Min News | The Daily News Now!
Prime Residential Doubles Down in Miracle Mile | Real Estate News
Prime Residential just splashed fifty-one million on a brand-new 134-unit apartment complex in LA’s booming Miracle Mile—Palm Court Apartments—showing they’re fully committed to the neighborhood. Already a veteran in the area since 1995, they own the massive Park La Brea community with over 4,000 units. The new property, recently refreshed with one-, two-, and three-bedroom options plus pool, gym, and rooftop deck, is a prime spot. While LA’s apartment market is heating up—with sales up 25%—a looming Measure ULA tax is making some investors cautious. Still, rents are climbing as new supply…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.