- Urbanize
- Posts
- Urbanize LA Daily | November 14, 2025
Urbanize LA Daily | November 14, 2025
Stay up to date on Los Angeles real estate news.
📅 Today's Story: JPI, in collaboration with partners, has secured $150 million in construction financing for Portico, a mixed-use development in Downtown Long Beach. This project marks the first phase of the Mosaic redevelopment, featuring 272 apartments and 18,841 square feet of retail space.
JPI nabs $150M construction loan for 272 apartments in Downtown Long BeachMixed-use development will be first component of City Place mall redevelopment  📰 What Happened: Texas-based developer JPI, alongside Tokyo Tatemono US Ltd. and BMO Bank, has finalized a $150 million construction loan for Portico, a mixed-use complex in Downtown Long Beach. The development will include 272 apartments and nearly 19,000 square feet of commercial space. Sixteen units will be affordable housing. 🔍 A Closer Look: Portico will be the first phase in the Mosaic redevelopment of the City Place mall, featuring a contemporary design with brick facades. Amenities will include a rooftop deck, a sports simulator, and a pool.
|
WestwoodSix-story development on the rise at 1402 S. Veteran Avenue in WestwoodPlans call for 23 one-, two-, four-, five-, and six-bedroom apartments |
ComptonAffordable housing breaks ground at 1434 W. Compton Blvd.Plans call for 75 apartments in a three-story structure |
In case you missed it: |
Exposition ParkLucas Museum of Narrative Art to open on September 22, 2026The finish line is finally in sight for the legacy project from filmmaker George Lucas |
