The Highest Use Report
Office, retail, and hotel properties across Southern California are being proposed, approved, and converted into housing. Each story below links to its public source, labels its status plainly, and separates what was reported from our own analysis.
805 Spotlight
Thousand Oaks
195 E. Hillcrest Drive
Office to residential · Redevelopment
The Thousand Oaks Planning Commission unanimously approved a mixed-use project that demolishes two office buildings for a five-story building with 297 residential units, including 25 deed-restricted affordable units.
Source: Ventura County Star via Blue Water Healthy Living
Ventura
Valentine Road Apartments
Hotel to housing · Adaptive reuse
Ventura Housing completed the conversion of a former La Quinta Inn into 134 units of permanent supportive housing, the largest Homekey project in the City and County of Ventura, and reports 100% occupancy.
Source: Ventura Housing
Camarillo
2260 E. Ventura Boulevard
Commercial to residential · Adaptive reuse
An applicant requested a Conditional Use Permit to convert two second-floor commercial suites into two residential units in the Camarillo Old Town zone.
Source: California CEQAnet record 2025120182
Sherman Oaks
14130 Riverside Drive
Office to residential · Adaptive reuse
IMT Residential plans to convert the vacant 126,000 square foot brutalist office building into 95 apartments within its Citrus Commons mixed-use campus.
Source: LA Digs
Los Angeles (Westwood)
1650 S. Westwood Boulevard
Office to residential · Adaptive reuse
The owner filed a new application to convert and expand the existing three-story building into a four-story building with 31 apartments, replacing a 2022 plan for a new five-story, 60-unit building.
Source: Urbanize LA
Thousand Oaks
195 E. Hillcrest Drive
Office to residential · Redevelopment
The Thousand Oaks Planning Commission unanimously approved a mixed-use project that demolishes two office buildings for a five-story building with 297 residential units, including 25 deed-restricted affordable units.
Source: Ventura County Star via Blue Water Healthy Living
Los Angeles (Downtown)
350 S. Figueroa Street
Office to residential · Adaptive reuse
Kennedy Wilson and Jamison announced a joint venture whose first project converts the 400,000 square foot former World Trade Center into 512 affordable units, approved under the city's new adaptive reuse ordinance.
Source: Kennedy Wilson press release
Ventura
Valentine Road Apartments
Hotel to housing · Adaptive reuse
Ventura Housing completed the conversion of a former La Quinta Inn into 134 units of permanent supportive housing, the largest Homekey project in the City and County of Ventura, and reports 100% occupancy.
Source: Ventura Housing
Los Angeles (Westwood)
10900 Wilshire Boulevard
Office to residential · Adaptive reuse
Douglas Emmett filed an application to convert a 17-story, roughly 247,000 square foot office tower into 199 apartments, paired with a new seven-story, 124-home building replacing above-grade parking.
Source: Urbanize LA
Los Angeles (Koreatown)
3424 Wilshire Boulevard
Office to residential · Adaptive reuse
Jamison's 13-story, roughly 250,000 square foot former IBM building is set to become 260 apartments while keeping 13,000 square feet of existing retail.
Source: Urbanize LA
Woodland Hills
20600 Ventura Boulevard
Retail to live/work · Adaptive reuse
The owner of a roughly 10-year-old mixed-use building asked to reclassify five ground-floor retail spaces as residential or live/work units, reviewed by the neighborhood council's planning committee.
Source: Woodland Hills Warner Center Neighborhood Council (PDF)
Los Angeles (Downtown)
1055 W. 7th Street
Office to residential · Adaptive reuse
Jamison secured a $195 million construction loan to convert a 620,000 square foot, 33-story office tower into 686 apartments. Construction began in January 2026, according to the company.
Source: Multi-Housing News
Camarillo
2260 E. Ventura Boulevard
Commercial to residential · Adaptive reuse
An applicant requested a Conditional Use Permit to convert two second-floor commercial suites into two residential units in the Camarillo Old Town zone.
Source: California CEQAnet record 2025120182
Stories summarize public reporting and records as of October 16, 2026. Statuses can change. Analysis is our opinion, not a reported or proven financial result, and none of it is a prediction about any other property. Projects described are not Highest Use Commercial transactions.
Share your property and goals for a complimentary review, or start with the free owner self-check. Any possibility we discuss is preliminary and subject to zoning, entitlement, architectural, engineering, environmental, financial, and governmental review.