Jamison Secures $195M For DTLA Office Tower Conversion

January 16, 2026 / no comments

Jamison has locked in $195M for the conversion of the former Arco tower at 1055 W. Seventh St.
The financing to turn the 33-story, approximately 620K SF office tower into mulitfamily units was provided by Prime Finance, according to Traded. The 1987-built tower was previously the home of petroleum company Arco and most recently bore exterior signage for the L.A. Care Health Plan.
The plan is to turn the tower into 686 units, among the larger conversion projects in the city. Construction has begun on the project.
Jamison has done a few conversion projects in Koreatown and has three under construction and 10 in the pipeline, including this one. This would be the tallest…

A&E to pay city $2.1M to settle violations across 14 buildings

January 16, 2026 / no comments

A&E Real Estate agreed to pay $2.1 million to settle thousands of violations across 14 buildings.  Mayor Zohran Mamdani announced the settlement agreement on Friday at one of A&E’s buildings at 35-64 84th Street in Jackson Heights. As part of its agreement with the city, Douglas Eisenberg’s A&E must correct more than 4,000 building code violations across 14 properties, mostly in Queens. The firm will pay $150,000 per building. That amount goes up if the landlord fails to make the payment or harasses any tenants.  “For years, A&E has operated with callous disregard for those residing in its properties,” Mamdani […]

This article originally appeared on The Real Deal. Click here to read the full story.

Gotlib says “secret recording” undercuts widow’s claim she was tricked out of Black Spruce stake

January 16, 2026 / no comments

Landlord Josh Gotlib says a “secret recording” made by his partner’s widow debunks her accusation that she was tricked into signing over her late husband’s interests in their real estate business. Natalia Legg — the widow of Black Spruce co-founder Oliver Legg —  sued Gotlib and his company Black Spruce Management in 2023 claiming that Gotlib tricked her into signing transfer agreements handing over her husband’s shares. Oliver Legg died of cancer in May 2015 at the age of 43. Following his death, Natalia was planning to return to Switzerland with her daughter to live there. At that point, she […]

This article originally appeared on The Real Deal. Click here to read the full story.