One year since the fires, Collapse of 24-hour Los Angeles, and more

Hankey Investment Company and Barker Pacific Group have announced the purchase of Sunset media Center from Kilroy Realty. The 22-story, 325,000-square-foot office building at 6255 W. Sunset Boulevard sold for $61 million. At the current time, it is roughly 51 percent occupied.

For those who remember, the building is home to the headquarters of AIDS Healthcare Foundation. The site sits across the street from parking lots still slated for the as-yet unbuilt Palladium Residences development, which was said to have inspired AHF to launch its unsuccessful campaign to pass Measure S in 2017.

L.A. County has commenced construction on a new parking structure at Lot 4 in Marina del Rey, across the street from Trader Joe's near Admiralty Way and Mindanao Way. The completed project would provide 368 parking stalls, and would be accompanied by a new plaza connecting to the Marvin Braude Bike Path.

Completion is expected by late Fall 2026.

Here's what we're reading this week:

Survivors mark one-year anniversary of Eaton and Palisades fires with memorials and demands "In the Pacific Palisades and Altadena today, families of fire victims, survivors, elected officials and others gathered to mark the one-year anniversary of the fires that killed 31 people and reduced L.A. neighborhoods to ash and rubble." (LAist)

Businesses still stuck a year after the L.A. fires "A year after the January wildfires, most businesses in affected neighborhoods remain shuttered, with those reopened reporting roughly half their previous customer base and revenue." (LA Times)

California homeowners could qualify for grants for new roofs and fire safety "The Safe Homes grant program is designed to help low- and middle-income homeowners with fire mitigation. People who qualify could use grants to create 5-foot ember-resistant zones around properties, also known as Zone Zero, as required by law in some areas. The program will also contribute toward costs for fire-safe roofs." (LA Times)

Eyes on the Street: Santa Monica Bergamot Station Bike/Walk Project Construction "First/last mile project construction is wrapping up - crews are currently resurfacing Pennsylvania Avenue, where the city added new sidewalks" (Streetsblog LA)

Why Trump’s plan to ban investor home-buying might not help California affordability "That’s because institutional investors aren’t buying many single-family homes in the Golden State to begin with." (LAist)

Subway project lane closures continue in new year "The first segment of the new subway line is anticipated to open between Wilshire/Western and Wilshire/La Cienega in the first quarter of 2026." (Beverly Press)

Eyes on the Street: Caltrans Santa Monica Blvd. Construction on the Westside "Caltrans contractor work is underway along Santa Monica Boulevard in the Sawtelle neighborhood on the west side of Los Angeles. New bus lanes coming soon." (Streetsblog LA)

Thousands of LA renters in danger of losing housing vouchers, city says "Housing officials in the city of Los Angeles say a pandemic-era voucher program is set to run out of money later this year, putting thousands of renters at risk of homelessness." (LAist)

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