LA real estate

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#affordable-housing

LA's mansion tax comes to collect from nonprofit home builders

The mansion tax, intended to fund affordable housing, is harming nonprofits by imposing unexpected fees that hinder their development projects.

Relevant Group moves from Hollywood hotels to DTLA multifamily

Relevant Group is set to build a 531-unit apartment complex next to the historic Morrison Hotel, emphasizing affordable housing.

Continuum redraws plan for $2B development next to LA's Skid Row

Continuum Partners is shifting its hotel plans to include more apartments and fewer condos, reflecting community needs in Downtown Los Angeles.

Landmark eyes 12-story student housing near UCLA

Landmark Properties is increasing the height of its planned Westwood apartment building to better serve the student housing market.

How affordable in Long Beach?

West Hollywood Community Housing plans a 73-unit affordable apartment complex in Long Beach, enhancing local housing options.
The project includes essential amenities and underground parking, with construction expected to start in Fall 2024.

LAcarGuy to turn Toyota of Hollywood into retail village

The Sullivan family is planning a major redevelopment of the old Toyota dealership site into a mixed-use village.

LA's mansion tax comes to collect from nonprofit home builders

The mansion tax, intended to fund affordable housing, is harming nonprofits by imposing unexpected fees that hinder their development projects.

Relevant Group moves from Hollywood hotels to DTLA multifamily

Relevant Group is set to build a 531-unit apartment complex next to the historic Morrison Hotel, emphasizing affordable housing.

Continuum redraws plan for $2B development next to LA's Skid Row

Continuum Partners is shifting its hotel plans to include more apartments and fewer condos, reflecting community needs in Downtown Los Angeles.

Landmark eyes 12-story student housing near UCLA

Landmark Properties is increasing the height of its planned Westwood apartment building to better serve the student housing market.

How affordable in Long Beach?

West Hollywood Community Housing plans a 73-unit affordable apartment complex in Long Beach, enhancing local housing options.
The project includes essential amenities and underground parking, with construction expected to start in Fall 2024.

LAcarGuy to turn Toyota of Hollywood into retail village

The Sullivan family is planning a major redevelopment of the old Toyota dealership site into a mixed-use village.
moreaffordable-housing

Southern California has a million homes worth $1M or more

In Los Angeles, Orange, San Diego, Riverside and San Bernardino counties, 28% of houses have seven-figure values.

'Real Housewives of Miami' Star Lea Black's $37.5 Million Star Island Megamansion Scores a Plum Spot on Most Expensive Homes List

The Delray Beach estate showcases oceanfront luxury and remains priced at $74 million, highlighting its status in the market.
#market-trends

A billionaire heir built one of America's largest homes. His bitter divorce means his $195 million mansion is for sale.

A Los Angeles mansion is on sale for $195 million, making it potentially the most expensive home sold in Los Angeles history.

Live Next Door to Donald Trump! $78.5 Million Compound Near Mar-a-Lago Becomes One of the Week's Most Expensive Homes

The housing market offers unique and luxurious properties for wealthy buyers, including high-profile estates and expansive compounds.

Rents slip as luxury apartments sit vacant in LA County

Vacancies in luxury apartments hit 13.1% despite lower overall renters in Los Angeles County, signaling a potential affordability crisis.

Hollywood Hills spec mansion designed by Paul McClean asks $29M

The Hollywood Hills real estate market is currently experiencing a surge in luxury property listings, showcasing modern designs and upscale amenities.

Bel-Air home with private vineyard tops LA County contracts

Los Angeles County real estate deals are slowing down despite a few high-value properties being signed under contract.

Cooper Mount: Malibu kid makes mega-million deals

Cooper Mount is successfully navigating Malibu's high-end real estate market, achieving significant sales despite tax challenges and fluctuating interest rates.

A billionaire heir built one of America's largest homes. His bitter divorce means his $195 million mansion is for sale.

A Los Angeles mansion is on sale for $195 million, making it potentially the most expensive home sold in Los Angeles history.

Live Next Door to Donald Trump! $78.5 Million Compound Near Mar-a-Lago Becomes One of the Week's Most Expensive Homes

The housing market offers unique and luxurious properties for wealthy buyers, including high-profile estates and expansive compounds.

Rents slip as luxury apartments sit vacant in LA County

Vacancies in luxury apartments hit 13.1% despite lower overall renters in Los Angeles County, signaling a potential affordability crisis.

Hollywood Hills spec mansion designed by Paul McClean asks $29M

The Hollywood Hills real estate market is currently experiencing a surge in luxury property listings, showcasing modern designs and upscale amenities.

Bel-Air home with private vineyard tops LA County contracts

Los Angeles County real estate deals are slowing down despite a few high-value properties being signed under contract.

Cooper Mount: Malibu kid makes mega-million deals

Cooper Mount is successfully navigating Malibu's high-end real estate market, achieving significant sales despite tax challenges and fluctuating interest rates.
moremarket-trends

Modest rent hikes ahead in Southern California, USC forecasts

Rents in Southern California are projected to increase as multifamily construction fails to meet demand.
#real-estate

Tides Equities co-founder seeks to flip Brentwood estate for $26M

Sean Kia seeks substantial profit from a Brentwood estate amid Tides Equities' financial struggles.

Celebrity-studded LLC pays $50M for Oscars venue Dolby Theatre

The Dolby Theatre was sold for $50 million, significantly less than its original construction cost.
The buyer's group consists of several high-profile investors, indicating substantial interest in iconic Hollywood venues.

Pritzkers' $195M Beverly Crest estate in tie for SoCal's top listing

Westside Estate Agency lists Tony and Jeanne Pritzker's estate for $195 million, positioning it among California's most expensive homes.

Bidder #2' gets Ziggurat in Laguna Niguel for $177M

The Ziggurat in Laguna Niguel was sold for $177 million, highlighting intense competition and potential for significant redevelopment in the area.

Oscar Engelbert and Jens Grede Buy Beverly Hills Offices for $61M

Oscar Engelbert and Jens Grede's partnership signals a shift in their investment strategies amidst Oscar Properties' financial troubles.

Teen obsession turns into career for two LA luxury home brokers

Harris and Fahimian are the youngest top producers in luxury real estate, achieving over $500 million in sales in just three years.

Tides Equities co-founder seeks to flip Brentwood estate for $26M

Sean Kia seeks substantial profit from a Brentwood estate amid Tides Equities' financial struggles.

Celebrity-studded LLC pays $50M for Oscars venue Dolby Theatre

The Dolby Theatre was sold for $50 million, significantly less than its original construction cost.
The buyer's group consists of several high-profile investors, indicating substantial interest in iconic Hollywood venues.

Pritzkers' $195M Beverly Crest estate in tie for SoCal's top listing

Westside Estate Agency lists Tony and Jeanne Pritzker's estate for $195 million, positioning it among California's most expensive homes.

Bidder #2' gets Ziggurat in Laguna Niguel for $177M

The Ziggurat in Laguna Niguel was sold for $177 million, highlighting intense competition and potential for significant redevelopment in the area.

Oscar Engelbert and Jens Grede Buy Beverly Hills Offices for $61M

Oscar Engelbert and Jens Grede's partnership signals a shift in their investment strategies amidst Oscar Properties' financial troubles.

Teen obsession turns into career for two LA luxury home brokers

Harris and Fahimian are the youngest top producers in luxury real estate, achieving over $500 million in sales in just three years.
morereal-estate
from Irish Independent
1 week ago

More than 10,000 people forced to evacuate in Los Angeles as out-of-control wildfire burns homes

Over 10,000 people were evacuated due to a wildfire fueled by strong winds in the hills near Los Angeles.

Step inside $177M Los Angeles villa with retractable roof for stargazing in primary suite

Developer Ardie Tavangariani puts new Los Angeles estate on real estate market, a 35,000-square-foot Bel-Air home listed for $177 million.
#los-angeles

Money for LA market's luxury home contracts jumps to $140M

Luxury homes under contract in L.A. County saw a rebound in dollar volume after three weeks of decline.

Leo Pustilnikov cuts janitors and security at Skid Row housing in LA

Tenants of Skid Row properties complain of deteriorating living conditions under new owner Leo Pustilnikov.
Expectations of improved living conditions after acquisition have not been met, leading to increased tenant distress.

Commercial property sales in LA County spiral down 18%

Commercial property sales experience significant decline across Los Angeles, primarily influenced by economic factors and regulatory changes.

Wedbush Securities joins downtown L.A. exodus, opting for smaller, more flexible office in Pasadena

Wedbush Securities is downsizing and relocating to adapt its office space for hybrid work due to shifts stemming from the pandemic.

LA County DA candidate Nathan Hochman visits luxury home brokers

Nathan Hochman aims to address crime and public safety concerns as he campaigns against incumbent DA George Gascon.

Money for LA market's luxury home contracts jumps to $140M

Luxury homes under contract in L.A. County saw a rebound in dollar volume after three weeks of decline.

Leo Pustilnikov cuts janitors and security at Skid Row housing in LA

Tenants of Skid Row properties complain of deteriorating living conditions under new owner Leo Pustilnikov.
Expectations of improved living conditions after acquisition have not been met, leading to increased tenant distress.

Commercial property sales in LA County spiral down 18%

Commercial property sales experience significant decline across Los Angeles, primarily influenced by economic factors and regulatory changes.

Wedbush Securities joins downtown L.A. exodus, opting for smaller, more flexible office in Pasadena

Wedbush Securities is downsizing and relocating to adapt its office space for hybrid work due to shifts stemming from the pandemic.

LA County DA candidate Nathan Hochman visits luxury home brokers

Nathan Hochman aims to address crime and public safety concerns as he campaigns against incumbent DA George Gascon.
morelos-angeles
#downtown-los-angeles

Downtown Los Angeles office tenants decamp for suburbs

Office tenants in Downtown LA are relocating to safer areas like Century City and Pasadena, reducing their presence in Downtown.

Wedbush Securities to leave namesake building in DTLA for Pasadena

Wedbush Securities is downsizing from a 100,000-square-foot office in Downtown LA to a 20,000-square-foot space in Pasadena due to changing workplace dynamics.

Downtown Los Angeles office tenants decamp for suburbs

Office tenants in Downtown LA are relocating to safer areas like Century City and Pasadena, reducing their presence in Downtown.

Wedbush Securities to leave namesake building in DTLA for Pasadena

Wedbush Securities is downsizing from a 100,000-square-foot office in Downtown LA to a 20,000-square-foot space in Pasadena due to changing workplace dynamics.
moredowntown-los-angeles

Westside houses account for nearly half of LA's mansion tax sales

Measure ULA has fallen significantly short of its revenue projections, raising under half of the anticipated funds.
The tax disproportionately impacts affluent West L.A. neighborhoods, where the majority of sales occur.

Your guide to obscure but important L.A. city charter amendments and county ballot measures

Charter Amendment FF aims to enhance retirement benefits for officers in smaller L.A. police departments.
#urban-development

After a century, concrete plant that helped build L.A. makes way for a deluxe tower

The Cemex concrete plant in West Hollywood ceased operations to make way for a new apartment tower, highlighting urban development changes.

City cites wildfire risk, axes $500M resi project in Anaheim Hills

The City of Anaheim rejected a proposed luxury apartment complex over wildfire safety concerns.

After a century, concrete plant that helped build L.A. makes way for a deluxe tower

The Cemex concrete plant in West Hollywood ceased operations to make way for a new apartment tower, highlighting urban development changes.

City cites wildfire risk, axes $500M resi project in Anaheim Hills

The City of Anaheim rejected a proposed luxury apartment complex over wildfire safety concerns.
moreurban-development

Jamison and Arc Capital to convert Koreatown offices into homes

Jamison Services is converting an office building in Koreatown into 236 residential units, marking its 10th adaptive reuse project.

Josh and Heather Altman quit Million Dollar Listing Los Angeles

Josh and Heather Altman have left Million Dollar Listing Los Angeles to focus more on family and their new real estate agency.
Their departure signals a significant shift after 14 years and over $7 billion in real estate sales.
from Los Angeles Times
2 weeks ago

Photos: Dodgers fans take to the streets after they defeat the Yankees for their 8th World Series title

The Dodgers' World Series win ignited celebrations that escalated tensions, resulting in law enforcement interventions.

Douglas Elliman's California business caught in legal crossfire

Douglas Elliman is facing lawsuits for alleged kickbacks and unethical practices that favor specific agents, particularly the Altman Brothers.

Jason Oppenheim takes another crack at Clear Cooperation

Jason Oppenheim calls for an honest dialogue about the Clear Cooperation Policy, emphasizing fairness and clarity over corporate interests.
#housing-development

VA appeals court order to build more homes at West LA campus

The VA plans to appeal a court ruling mandating it to construct veterans' housing at the West L.A. campus, citing financial concerns.

Irvine rezones land by John Wayne despite airport commission concerns

Irvine rezoned land for 15,000 homes, overriding airport safety concerns due to state housing mandates.
The City Council faces pressure to meet housing targets while balancing community needs and airport regulations.

VA appeals court order to build more homes at West LA campus

The VA plans to appeal a court ruling mandating it to construct veterans' housing at the West L.A. campus, citing financial concerns.

Irvine rezones land by John Wayne despite airport commission concerns

Irvine rezoned land for 15,000 homes, overriding airport safety concerns due to state housing mandates.
The City Council faces pressure to meet housing targets while balancing community needs and airport regulations.
morehousing-development

Barbie effect as Mattel adds 60K sf in El Segundo

Mattel is expanding its studio operations with a new office in El Segundo, enhancing capabilities and supporting future film projects.

Federal judge denies UCLA bid to delay affordable housing

Immediate action is required to provide housing for homeless veterans at the VA campus as winter approaches.

Miami vs Los Angeles: Which City is Right for You? Comparing Real Estate, Cost of Living, Culture, and More

Miami offers diverse housing and a lower cost of living compared to Los Angeles, which features more space but also higher overall living expenses.
#california

Caruso's Corinne Verdery wants more residential with Rick's retail

Caruso is transitioning to increase residential projects alongside its retail operations, aiming for a balanced portfolio by 2030.

Phillips 66's closure of South Bayrefineries opens 650 acres for development

Phillips 66 will close two century-old refineries in California due to economic factors and shifts toward cleaner energy.

Caruso's Corinne Verdery wants more residential with Rick's retail

Caruso is transitioning to increase residential projects alongside its retail operations, aiming for a balanced portfolio by 2030.

Phillips 66's closure of South Bayrefineries opens 650 acres for development

Phillips 66 will close two century-old refineries in California due to economic factors and shifts toward cleaner energy.
morecalifornia

Sumitomo to renovate InterContinental Century City for $98M

Sumitomo Realty plans to invest $98 million in renovating the InterContinental Century City hotel, revitalizing it after its pandemic closure.

KPC breaks ground on $300M hotel in Kroenke's Hollywood Park

KPC Development is constructing the Kali Hotel, the nearest lodge to SoFi Stadium, aimed at sports and entertainment visitors, opening by Spring 2026.

Vea como se postulan: Safai apoya tanto la Proposicion M como la L, pero una podria anular a la otra

La propuesta "Sí a la M" busca reformar la estructura impositiva de San Francisco, enfocándose en fomentar ingresos locales.

High school football: Thursday's Week 7 scores

High school football teams displayed remarkable performances across various leagues, with several teams achieving significant victories.

'They Came Together' Cast to Reunite for 10th Anniversary Screening at Vidiots in Los Angeles

The cast of David Wain's 'They Came Together' will reunite for a special 10th anniversary screening in Los Angeles on November 19.
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